PropCode, a Sydney, Australia-based property development analytics startup, raised $400,000 in a pre-seed funding.
The round saw participation from Melbourne VC Skalata Ventures, Brisbane Angels, and existing investor Antler Australia.
Skalata Ventures is a venture capital firm based in Docklands, Australia. Founded in 2018, the firm prefers to invest in the consumer products and information technology sectors.
Brisbane Angels is an angel group investor9 seeks to invest in early-stage technology companies. Founded in 2006 and is based in Brisbane, Australia.
Founded in 2006, Brisbane Angels is an angel group investor based in Brisbane, Australia. The firm seeks to invest in early-stage technology companies.
PropCode Use of Funds
The funds will be used to further develop PropCode's AI-based regulatory analysis engine for the construction industry.
PropCode is a provider of property development compliance services intended for automated analysis of urban planning regulations. It utilizes AI to translate complex planning legislation into clear reports, aiding homeowners, professionals, and councils in understanding permissible developments.
Company: PropCode Trading Pty Ltd
Round: Pre-Seed Round
Funding Month: November 2023
Additional Investors: Skalata Ventures, Brisbane Angels, and Antler Australia
Company Website: https://propcode.com.au/
Software Category: Property Development Analytics