Kiwi property data start-up Relab has secured $1 million post-seed funding from top investors, such as Icehouse Ventures CF Capital, and Stonewood Investments.
Relab offers a one-stop shop that allows property buyers, sellers, and property professionals to access comprehensive and independent property data and insights, including title records, planning details, topography and underground services, and sales histories.
The start-up will use the funds to hire additional development capability, bringing to light its recently appointed chief marketing officer, Louise Donnelly-Davey. She has a strong track record with start-ups and New Zealand SaaS companies, and brings a wealth of marketing and business leadership experience.
Commenting on the funding round that ended before the Christmas break, Relab co-founder and chief executive officer Knight Hou said: “We identified an opportunity to consolidate the plethora of property data sources and serve them via one platform. The interest and funding we’ve received is massively encouraging and reaffirms that we are on the right track with our strategy to help both property professionals and savvy home buyers and sellers alike to make smarter property decisions in a rapidly changing market.”
Icehouse Ventures CEO Robbie Paul added that they are “very excited about the strategic direction and promising growth of Relab.”