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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
Platform for real-time bidding on homes and condos.
Software for managing property offers and auctions.
People of PropBidder
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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.
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.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Early-stage deep tech startups are supported through investments.
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Sequoia Capital is engaged in venture capital investments.
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Investor details for PropBidder
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Investments & Acquisitions by PropBidder
Investment portfolio details for PropBidder
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Financial Statements - PropBidder
Detailed financials for PropBidder
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Propbidder Comparisons
Peer comparison for PropBidder
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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.
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Commercial properties are discovered and traded via online platforms.
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Residential properties are auctioned online via a marketplace platform.
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Transaction platform for bank-auctioned repossessed properties is provided.
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Delivers a versatile platform for conducting real estate auctions efficiently.
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Auction platform for residential & commercial properties
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Online auctions for residential and commercial properties are facilitated.
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Detailed competitors of PropBidder
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Latest news on Propbidder
Complete news archive for PropBidder
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Frequently Asked Questions about PropBidder
PropBidder was founded in 2020 and raised its 1st funding round 1 year after it was founded.
PropBidder is headquartered in Newport Beach, United States. It is registered at Newport Beach, California, United States.
Mikael Hastrup is the current CEO of PropBidder. They have also founded this company.
PropBidder is a funded company, having raised a total of $1.5M across 2 funding rounds to date.
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.
PropBidder's top competitors include Ten-X, Auction.com and Hecta.
PropBidder offers Online Bidding Platform and Bid Management Software.
PropBidder has 6 investors. Key investors include Lightspeed Venture Partners, Futureland Ventures, Sequoia Capital, John Hennessy, and Ray Wirta.