Managed App: Raises $5.3 million, looks to double users in a year

Managed App: Raises $5.3 million, looks to double users in a year

• Managed App is Australia’s leading property management & investment platform
• Raised $5.3 million and appointed co-founder Nick Bouris as CEO
• The round was led by REA Group and Momentum Markets
• The company recently became the preferred technology partner for real estate giant Century 21
• Now has 58,000 users, including 18,500 owners, 23,000 tenants and 5,500 tradespeople
• The platform automates payments between landlords, trades, and tenants empowering property managers

“This raise represents a promising sign for the global PropTech industry and looks set to lay the trend for future initiatives in the space,” comments Ruban Selvanayagam of UK modern auction company Property Solvers.