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Propbidder Secures Seed Round With Google Chairman And Lightspeed

Feb 22, 2022•over 3 years ago

Round Type

seed

Denver

Description

PropBidder, a SaaS-enabled online bidding marketplace for buying and selling homes and condos, announced the closing of a $1M seed funding round with involvement from Lightspeed Venture Partners, Futureland Ventures, and Sequoia Capital, with additional participation from John Hennessy, the chairman of Google; Ray Wirta, the former chairman of CBRE and former president of The Irvine Company; Jon Oringer, the chairman of Shutterstock; and many other notable angel investors. Institutional involvement came primarily through scout investment programs, and the startup plans to raise an additional institutional led round sometime over the next year.

Company Information

Company

Prop Bidder

Location

Denver, Colorado, United States

About

PropBidder (www.propbidder.com) is a SaaS enabled online bidding marketplace for homes and condos. Our web-based software allows real estate agents, realtors, and brokers the ability to plan, manage, and participate in a variety of online bidding processes, in order to make the process of placing and receiving offers on homes more efficient and simpler, for agents and their clients alike. With PropBidder's patent protected automated offer scoring feature, buyers and buyer's agents gain real-time feedback on their offers based on terms such as cash amount, financing, contingencies, and many other items, providing for a faster and more effortless negotiation process for all transaction participants. PropBidder is based in Denver, Colorado, with offices in Orange County and San Francisco, California. Press Contact:PropBidder Inc.949-379-1958 329205@email4pr.com SOURCE PropBidder, Inc.