PHOTO: SUPPLIED – Tom Wallace, chief executive of Re-Leased, a digital start-up planning to shake-up technology in the commercial property sector
Kiwi digital start-up Re-Leased has raised $2.3 million with ambitions to become the commercial property sector equivalent of accounting software company Xero.
Re-Leased is cloud-based commercial property software that aims to oust the traditional desktop software systems being used extensively by the commercial property sector.
Founder and chief executive Tom Wallace said from London the money from local and overseas investors would be used to fast track expansion by investing in more staff and to keep developing innovative software.
The company already has 50 staff. Many are based at its development headquarters in Napier, with sales and customer staff also in Melbourne and Queensland and in the United Kingdom.
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