Local proptech startup secures funding from UK investment firm

Roundr, a Cape Town-based proptech startup has secured a disclosed amount of venture capital funding from i7V, a UK-based investment firm.

The funding will be used to develop the proptech’s existing platform

Jansen Myburgh, founder and CEO of Roundr comments on the new funding received.

”We are very happy to have i7V continue to walk on this journey with us. Their support enables us to move towards achieving our mutual goals for Roundr.”

The funding provided by the VC firm, i7V will provide the local proptech startup with the support to move through ts current beta stage and make it to market by the end of 2020.

Roundr

Founded in 2017, Roundr is a mobile app that caters to estate agents and is a real-time performance management platform for estate agencies and enterprises.

It aims to simplify estate agents’ work allowing users to access the app via their smartphone and schedule viewings, work on mandates interact with clients, collaborate on sales, and more.

The proptech startup offers a first-of-its-kind service for the real estate sales industry, the Roundr office and enterprise platforms enable real-time insight-informed performance management for agencies and their employed agents.

Previously, Roundr launched a simpler build of the mobile app concept but is shifting its focus towards the UX aspect of the product. This newly developed product is now only available in South Africa and has been undergoing beta testing with various agents across the country since the start of this year.

Finalist in Grindstone Accelerator Programme

In addition to securing the funding, Roundr has also been selected as a top 30 finalist in the prestigious Grindstone Accelerator Programme.

The accelerator is a structured entrepreneurship development program aimed at assisting high-growth and innovative companies to establish a foundation to scale their businesses in a rapid period of time, become more sustainable and funding-worthy.

Roundr was selected from hundreds of competing entrants and is a milestone achievement for the newly founded proptech startup.

Myburgh says it was a great experience being interviewed and quizzed by such knowledgeable industry professionals and adds that they aim to take part again in next year’s programme.

Collaboration

On the IP front, Roundr has announced in a press statement that “the doors are now wide open for them to secure comprehensive IP protection after the international patent office found the concept to be novel”.

Myburgh explains that this ties in nicely with the business’ future global distribution goals.

Also on the cards is a collaboration between Roundr and Ooba Homeloans which will see the launch of an exciting new industry-first platform within the property sales space.

Read more: New grant programme launches for SA small businesses
Read more: SA female-owned startup receives R4.2-million investment

Featured image: (From left to right) Jansen and Daisy Myburgh, co-founders of Roundr (Supplied) 

Ishani Chetty: Editor
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