About PropBidder
PropBidder is a company based in Newport Beach (United States) founded in 2020 by Sydney Jenkins and Mikael Hastrup.. PropBidder has raised $1.5 million across 2 funding rounds from investors including Lightspeed Venture Partners, Futureland Ventures and Sequoia Capital. PropBidder offers products and services including Online Bidding Platform and Bid Management Software. PropBidder operates in a competitive market with competitors including Ten-X, Auction.com, Hecta, Hubzu and Bid4Assets, among others.
- Headquarter Newport Beach, United States
- Founders Sydney Jenkins, Mikael Hastrup
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Sectors
Real Estate & Construction
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Email
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Phone
*********
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Website
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Social
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- Legal Name Propbidder Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.5 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Seed
Feb 28, 2022
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Investors
Lightspeed Venture Partners
& 5 more
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Employee Count
Employee Count
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Products & Services of PropBidder
PropBidder offers a comprehensive portfolio of products and services, including Online Bidding Platform and Bid Management Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for real-time bidding on homes and condos.
Software for managing property offers and auctions.
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Funding Insights of PropBidder
PropBidder has successfully raised a total of $1.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.0M
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First Round
First Round
(01 Jun 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - PropBidder | Valuation | Lightspeed Venture Partners , Futureland Ventures | |
| Jun, 2021 | Amount | Seed - PropBidder | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PropBidder
PropBidder has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Futureland Ventures and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Early-stage deep tech startups are supported through investments.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PropBidder
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PropBidder
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Propbidder Comparisons
Competitors of PropBidder
PropBidder operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ten-X, Auction.com, Hecta, Hubzu and Bid4Assets, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial properties are discovered and traded via online platforms.
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| domain | founded_year | HQ Location |
Residential properties are auctioned online via a marketplace platform.
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| domain | founded_year | HQ Location |
Transaction platform for bank-auctioned repossessed properties is provided.
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| domain | founded_year | HQ Location |
Delivers a versatile platform for conducting real estate auctions efficiently.
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| domain | founded_year | HQ Location |
Auction platform for residential & commercial properties
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| domain | founded_year | HQ Location |
Online auctions for residential and commercial properties are facilitated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about PropBidder
When was PropBidder founded?
PropBidder was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is PropBidder located?
PropBidder is headquartered in Newport Beach, United States. It is registered at Newport Beach, California, United States.
Who is the current CEO of PropBidder?
Mikael Hastrup is the current CEO of PropBidder. They have also founded this company.
Is PropBidder a funded company?
PropBidder is a funded company, having raised a total of $1.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2021.
What does PropBidder do?
PropBidder was founded in 2020 and is headquartered in Newport Beach, United States. The company operates in the real estate sector, offering an online auction platform that facilitates the buying and selling of residential properties. Web-based software is provided to real estate agents and brokers for planning and managing bidding processes. Operations focus on streamlining property transactions through digital listings and auctions.
Who are the top competitors of PropBidder?
PropBidder's top competitors include Ten-X, Auction.com and Hecta.
What products or services does PropBidder offer?
PropBidder offers Online Bidding Platform and Bid Management Software.
Who are PropBidder's investors?
PropBidder has 6 investors. Key investors include Lightspeed Venture Partners, Futureland Ventures, Sequoia Capital, John Hennessy, and Ray Wirta.
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