News and Announcements
Real Estate Tube Completes first seed funding round of $1M & Commences Series A
- Published July 17, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Steve Makris has founded a “peer-to-peer” video sharing app – Real Estate Tube – that makes it simple for people seeking a housemate to connect and scope out information of their potential housemates in a “genuine way.”
KEY TAKEAWAYS:
- The idea for Real Estate Tube came about during 2013 when Makris was working in with Chinese investors looking to buy property in Australia.
- The app has been compared to the likes of Tinder- where if both the renter and leaseholder “match” they then can talk on a within a messaging box.
- Real Estate Tube currently has 16,000 video listings and registrations for the app are growing.
- The company has already closed a seed funding round of $1 million and is now preparing to raise a further $2.5 million of Series A funding.
“The reason we’ve begun with this market is to target young millennials – the early adopters of technology. If we can get them to use it, they can socially proof our platform and get our name out there,” he says. “Then we’ll start adding other categories like ‘houses for sale’,’ businesses for sale’, et cetera.”
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