Australian property management company, :Different, announced it has raised $25 million in a Series B round as it aims to expand nationally and build its team of property managers and technology platform to continue looking after homes and the people who live in them.
The raise was led by Commonwealth Bank venture-scaling entity, x15ventures, and Antler.
The funding raise will also see CBA and :Different form a strategic partnership to collaborate on exclusive offers and benefits to reach homeowners across the country.
:Different is attracting investor interest
:Different was founded by Mina Radhakrishnan and Ruwin Perera in 2017 and has grown quickly to reimagine the property management experience through people and technology.
It has doubled the team in the last year alone, and now services properties across Australia’s eastern seaboard, with thousands of owners, tenants and properties under management.
The partnership with CBA will help :Different reach its 15 million customer base, with :Different soon being accessible across various CBA channels including the CommBank app to support property investors with guidance throughout the entire home buying journey.
Commenting on the raise and partnership, Mina Radhakrishnan expressed excitement.
“We started :Different because we had heard all too many horror stories of property owners and renters having a subpar experience with their property managers.”
“Little communication and transparency into the important things that can make a real difference to the overall living and ownership experience.”
“We knew things had to change. With people who care and powerful technology, we could create a better experience for property owners, the properties and people who live in them.”
“Our mission is to be the all-encompassing assistant to the home. The raise and partnership with CBA brings us another step closer to reaching this goal and helping even more Aussies.”
:Different is excited with the raise and partnership
Co-founder Ruwin Perera also commented excitedly on the raise and partnership.
“Partnering with CBA presents a momentous opportunity for not only :Different as a company but for Aussies right around the country. The new alliance will see us tap into CBA’s 15 million strong customer base to offer them a better approach to home ownership.”
“Finance and homes are inextricably linked. We are a trusted partner in the home, and with CBA at our side, we will deliver value through reimagined products and services as the basis of a home platform, designed to service the needs of homes and the people who live in them.”
“We are thrilled to have x15ventures and Antler backing us. Antler’s international presence will give us the reach to take :Different to other markets around the world.”
“Both partners have a vision to disrupt the status quo to solve problems in unique ways, which is at the very core of why we started :Different and makes them a perfect pairing for us.”
“We’re looking forward to what this new chapter brings for us and our team, as well as the millions of Australians who own or rent homes.”
x15ventures appreciates its investment in :Different
x15ventures Managing Director, Toby Norton-Smith said, “We’re excited to welcome :Different into the x15ventures family. This investment and strategic partnership continues our commitment to bring differentiated products and services to CommBank’s customers.”
“Our ventures are now improving the digital customer experience in the home buying journey.”
“Working closely with exceptionally talented digital founders like Mina Radhakrishnan and Ruwin Perera and global industry investment heavyweights like Antler, is a privilege.”
“This exposure and immersion with the broader startup community is key to x15ventures’ strategy to build, buy and invest in digital businesses that will reshape banking as we know it.”
“We are proud to support :Different as they continue their momentum.”
“:Different has a world-class team, building a customer-centric platform for the home in an exciting and emerging tech ecosystem globally,” adds Teddy Himler, Antler Partner.