HouseMe secures ‘multi-million’ rand deal, declines to reveal who investors are

While Cape Town based proptech startup HouseMe last week announced that it had secured what it calls a “multi-million” rand investment — the company’s co-founder and CEO Ben Shaw today declined to disclose who the two investors are behind the deal.

The proptech startup — which was founded in 2016 by Shaw (pictured above) and Kyle Bradley in 2016 — announced the investment last Thursday (13 December).

HouseMe connects tenants to residential landlords, providing letting services for a fraction of agency fees.

Shaw told Ventureburn today (18 December) that the deal was concluded last month. He however would not disclose who the investors are, beyond the fact that they are a financial services provider and a property development company.

SA proptech startup HouseMe has secured what it calls a “multi-million” rand investment but co-founder and CEO Ben Shaw won’t disclose who the two investors are behind the deal

“The multi-million expansion funding was from two investors, a financial services provider and a property development house. It was an equity raise for a minority stake, although we unfortunately cannot reveal the funders at this time,” he explained.

Shaw also revealed that the startup will within the next six months unveil its first tenant-facing financial services product. 

Shaw said that to date HouseMe has raised over R10-million in funding.

“The company is positioning for a larger growth round within the next 18 months,” he added.

In October the startup placed first at the Seedstars Cape Town pitch event.

Read more: SA proptech startup HouseMe crowned winner at Seedstars Cape Town
Read more: HouseME looks to change the rental market in SA with app

Featured image: HouseMe CEO and co-founder Ben Shaw (Benjamin Shaw via Facebook)