The new investors join ArchiPro’s 2021 AU$4.7 million series A backers: Ruslan Kogan of Kogan.com, and Hezi Leibovich, with the latter known for founding multiple Australian online marketplaces including Catch.com, Menulog and Scoopon (now Luxury Escapes).
ArchiPro to grow its Australia division
Driven by a mission to improve the building industry, ArchiPro connects people wanting to build or renovate with the products and professionals needed to bring their projects to life.
The platform boasts more than 400,000 users, 4,000 live building projects and more than 40,000 products across ANZ. It is the largest online platform for the building industry.
The new funds will be used to accelerate ArchiPro’s growth in Australia and hire between 100-150 new staff on both sides of the Tasman, taking the team to more than 300.
ArchiPro will introduce new features that bring buyers and sellers of the building and home improvement worlds closer. The 26 ArchiPro Australian team members are based in Sydney and Melbourne, with most of its 140 New Zealand staff starting at its Auckland headquarters.
ArchiPro’s surreal market growth in Australia
Within the first two months of the company’s October 2021 Australian launch, Group CEO Milot Zeqiri says ArchiPro had signed up the same number of paid subscribers as they gained in New Zealand within 18 months, and boasts more than 100,000 Aussie monthly users.
“We’ve set out to transform the way we build homes and cities, making it easier to build quality living and working environments, with the occupant’s health and wellbeing front and centre of the design,” says Milot, co-founded ArchiPro with wife, Brittany Gribben in 2014.
“The fluctuating construction costs and supplier shortages seen during the pandemic show a heightened need for the industry to work more closely together to keep projects on track.”
“ArchiPro brings all of the verticals involved with the wider industry under one roof, so that users can find, source, and budget for everything they need, from the architects, landscapers and interior designers, to the construction materials and home furnishing products.”
“ArchiPro created a holistic approach to the fragmented building industry. We are thrilled to partner with the ArchiPro team and help them drive adoption in new markets. We believe there is a strong demand for this unique platform and we are thrilled to partner with the ArchiPro team and help them drive growth,”says Griffin Schroeder, Partner, Tiger Global.
The building industry is worth $30 billion in New Zealand and $119 billion in Australia.
How ArchiPro’s platform works
ArchiPro is free to use for consumers, who browse a visual gallery displaying thousands of products, services and professionals, saving the details to their design board or connecting directly with these suppliers, who pay a membership fee to present their offerings.