- BuyersBuyers announces its second round of investment after completing its first round in June 2021
- The funds raised will be utilised to support development, including B2C direct to consumer advertising and B2B alliances with industry players
- Buyer’s agency, according to Pete Wargent, co-founder of BuyersBuyers, is a rapidly growing sector in Australia
- The capital raising round opens on January 24
BuyersBuyers, a national marketplace linking homebuyers to buyer’s agents and lenders, has announced its second round of investment after completing its first round in June 2021.
The funds raised will be utilised to support development, including business-to-consumer advertising and business-to-business alliances with industry players.
Buyer’s agency, according to Pete Wargent, co-founder of BuyersBuyers, is a rapidly growing sector in Australia, with buyer’s agents helping to level the playing field for property purchasers.
“We believe that good independent right should be a right, not a privilege, and putting an insider on the buyer’s side helps to save them time, cost and stress,” he said.
“Professional buyer’s agents can also help buyers to avoid catastrophic financial mistakes with their thorough due diligence and negotiation processes.”
According to BuyersBuyers CEO Doron Peleg, 2021 was an exciting year for the company.
“We have also made excellent progress in all areas of the business by attracting top talent, developing our technology, and designing and executing a creative marketing strategy.
“We have big plans for 2022 and beyond and to fuel the company’s growth and development we are opening a capital raising round to raise the follow-up round.”
Mr Peleg said the raising will give the company another 18 months of runway to intensify its B2B referral program, market strategy, realise the potential of BuyersBuyers Home Loans and invest in new technologies.
“We opened the first round to high-net-worth individuals, to make it a short round,” he said. “This round is open to both high-net-worth individuals and investment funds.”
“Because of our strong traction, we have received commitments from some of our investors before even opening the round, with strong interest from investment funds and HNWI.” Mr Peleg said.
The capital raising round opens on January 24.