LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Magma Partners’ PropertySimple Receives US$3m to Expand in the U.S.

June 2, 2017
Property Simple LAVCA Venture Investors Magma Partners Adrian Fisher

Real estate portal PropertySimple, which started out as PropiedadFacil in Chile, raised US$3m from investors including Magma Partners.

(Nathan Lustig) I’m excited to finally be able to announce that our portfolio company PropertySimple closed a US$3m round in the United States to help them continue to grow. I’ve been working closely with Adrian Fisher, PropertySimple’s founder and CEO, and team over the past year, helping them navigate their US market launch.

PropertySimple gives real estate agents the tools they need to compete in a social media powered world by harnessing the power of artificial intelligence. Their software as a service product drives leads and follows up on them for real estate agents and starts at $2500/month.

PropertySimple started out as PropiedadFacil, a Chilean property search portal back in 2012. PropiedadFacil was Magma’s first investment back in early 2014. They’ve gone through many ups and downs and pivots since we first invested. After building great technology in Chile but finding it hard sledding to get clients to pay for it, Adrian and I flew to the US to test out the US market.

After a 6 week road trip that started in California and ended in New York, where we met with investors and potential clients to try to find out if what Adrian and his team had build in Chile had any application in the US market, the answer was a resounding yes.

A year later, after translating the product into English and making improvements for the US market, PropertySimple launched and started to grow. We went back to Silicon Valley to try to raise money, but between a new, unproven product, an unbelievably low burn rate and a distrust of having a technology team in Chile, we couldn’t raise a round.

After continuing to grow, Adrian and team were able to show the traction they needed to show in order to raise a round in the US. I have very high hopes for PropertySimple and believe they’re onto something big.

It’s been extra fun to work with PropertySimple. Not only are they paving the way for businesses with Latin American and US offices, but also if anyone deserves to be successful, it’s Adrian. He has a tireless work ethic and has been working at building businesses for 10+ years. If you want to hear his story of how a kid born in Scottsdale, Arizona ended up in Argentina, Chile and then made his way back to California, listen to his Crossing Borders Podcast episode where we go into details.

Magma Partners’ PropertySimple Receives US$3m to Expand in the U.S. was last modified: June 6th, 2017 by Editor
Family OfficeMagma PartnersPropertySimpleReal EstateVenture Capital
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • #LAVCAWeek2022 is taking place in person Oct. 11-14 in NYC! Speakers include: Tania Sztamfater Chocolat (… https://t.co/uNg10qSqwx

    09-Aug-2022

    Reply Retweet Favorite
  • Today's top takeaways from the #LatAmVentureBulletin: https://t.co/JY9CRvO0hW https://t.co/KUabMLOT2U

    05-Aug-2022

    Reply Retweet Favorite
  • Leading VCs and tech investors active in Brazil are invited to join LAVCA's #EncontroAnualBrasil. Program highlight… https://t.co/9vWiCTnyuh

    05-Aug-2022

    Reply Retweet Favorite
  • Registration for #LAVCAWeek2022 is now open for all qualified institutional investors LAVCA Members and non-members… https://t.co/iiv4YQSuUc

    03-Aug-2022

    Reply Retweet Favorite
  • In July 2020, Crescera Capital invested ~USD72m in Grupo Zelo, a Brazil-based funeral services provider for familie… https://t.co/HXof8eS4PS

    02-Aug-2022

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top