South Africa based prop-tech startup Roundr, announced on 3rd September, 2020, that it has secured an undisclosed amount of funding. The round was led by i7V, which is a UK based investment firm. The funds will be utilized to see through its current beta phase and support the expansion in the market by the end of this year.
Incorporated in September 2017 by Jansen Myburgh, Chief Executive Officer (CEO) of Roundr, Daisy Myburgh, Head of communication. The startup developed a mobile app which links agents to each other and to their clients in real-time, enabling easy networking, scheduling and record keeping.
The application of Roundr record the work of estate agents in their smart devices and offer an organized and simple criteria of working on schedule viewing, mandates, interact with customers or clients and other agents. The app also helps collaborate on sales.
Being a bootstrapped start-up in the initial phase as it built MVP (Minimum Viable Product) and procured some traction, the start-up was picked by the Scotland located i7V, which has made total 4 investments in the start-up including this latest investment.
This latest undisclosed investment injection means the company has now invested a total of USD 270K (ZAR4.5 million) in Roundr.
The company claims to deploy the investment to complete its ongoing beta stage and help its full market launch plans by the end of 2020. They also claim to plan more fundraising at a later stage.
Jansen Myburgh, founder & CEO of Roundr, commented, “We are very happy to have i7V continue to walk this journey with us. Their support enables us to move towards achieving our mutual goals for Roundr.”
He further said, “We opted for a smaller amount at this point in time as we are closing in on a significant milestone which should have a positive influence on our base valuation once achieved. We are closing in on our first subscriptions and as a scalable SaaS we see this as a big milestone.”
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