{"id":21685,"date":"2019-10-28T16:09:09","date_gmt":"2019-10-28T03:09:09","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=21685"},"modified":"2019-10-28T16:09:09","modified_gmt":"2019-10-28T03:09:09","slug":"nab-and-iag-in-6m-investment-round-in-auto-real-estate-start-up","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/nab-and-iag-in-6m-investment-round-in-auto-real-estate-start-up\/","title":{"rendered":"NAB and IAG in $6m investment round in auto real estate start-up"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0ActivePipe chief executive Ashley Farrugia<\/strong><\/p>\n<p>A local real estate marketing start-up begun by a former motor mechanic and transport entrepreneur has pulled in funding from insurance giant IAG&#8217;s venture capital arm Firemark Ventures, NAB Ventures and the influential American National Association of Realtors (NAR), as its product\u00a0starts to gain traction in the US market.<\/p>\n<p>ActivePipe was\u00a0<a href=\"https:\/\/www.afr.com\/property\/activepipe-boosts-relations-between-real-estate-agents-and-their-clients-20151210-gljxzv\">founded almost five years ago\u00a0<\/a>in Melbourne by entrepreneurs Gavan Stewart and Ashley Farrugia<a href=\"https:\/\/www.afr.com\/property\/activepipe-boosts-relations-between-real-estate-agents-and-their-clients-20151210-gljxzv\">,<\/a>\u00a0who created a marketing automation platform to analyse how engaged people were with email marketing campaigns.<\/p>\n<p data-gtm-vis-first-on-screen-7770372_137=\"27485\" data-gtm-vis-total-visible-time-7770372_137=\"4000\" data-gtm-vis-has-fired-7770372_137=\"1\">It is used by real estate agents to predict which people in their networks are most likely to buy or sell a property.<\/p>\n<p>The new $6 million investment round was led by NAR and Firemark via a convertible note, ahead of a planned larger Series B round later this year. NAB Ventures was an existing investor, which also bought in again, alongside Queensland-based PieLAB Venture Partners.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.afr.com\/technology\/nab-and-iag-in-6m-investment-round-in-auto-real-estate-start-up-20191021-p532r1\">AFR<\/a><\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-format=\"autorelaxed\" data-ad-client=\"ca-pub-6145729223818696\" data-ad-slot=\"4282549428\"><\/ins><\/p>\n<p><script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0ActivePipe chief executive Ashley Farrugia A local real estate<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/nab-and-iag-in-6m-investment-round-in-auto-real-estate-start-up\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":21686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478107416,478107420,478107417,478098512,478098521,478107418,478107421,478098535,478099397,478098582,478107419,478100627,478107422,478098513,478098873,478098579,478098510,478098514,478098561,478098511,478098705,478098533,478098921,478098509,478107415],"class_list":["entry","author-data123nz","post-21685","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-activepipe","tag-american-national-association-of-realtors","tag-ashley-farrugia","tag-australia","tag-australians","tag-firemark-ventures","tag-gavan-stewart","tag-house-prices","tag-iag","tag-lj-hooker","tag-nab-ventures","tag-nar","tag-pielab-venture-partners","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-ray-white","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-franchise","tag-real-estate-news","tag-real-estate-start-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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