• Bailador invests $12.5m in PropHero as part of a $25m Series A round
• PropHero is an AI-enabled property investment platform that helps individuals source, purchase, and manage investment properties
• PropHero has grown rapidly, serving over 2,000 customers and generating over $35m in run-rate revenue

Bailador Technology Investments Limited (ASX:BTI) has announced a $12.5m investment in Tomagen Pty Ltd ('PropHero') as part of a total Series A round of $25m. Launched in 2021, PropHero is an AI-enabled property investment platform that helps individuals source, purchase, and manage investment properties. Using predictive AI models that aggregate data from over 100 sources, PropHero provides tailored investment property recommendations that align with an individual's budget and financial goals, for a transparent fixed fee, and seamlessly completes the transaction online. PropHero customers also gain access to a vetted marketplace of partners across conveyancing, mortgage broking, renovations, property management, and insurance to help manage their investment property. Since inception, PropHero has served over 2,000 customers and has quickly grown to more than $35m of run rate revenue. The business ranked #2 in the 2024 Deloitte Tech Fast 50 and continues to grow revenue in excess of 200% per year. PropHero has a long growth runway ahead, both in its current markets and in future international markets. PropHero is led by its Co-Founders and Co-CEOs, Mickael Roger and Pablo Gil Brusola, who have ambitions to build PropHero into the global one-stop shop platform for real estate investment. Bailador led this Series A capital raise and is joined by a global roster of sophisticated institutional and strategic investors, including Fifth Wall, Samaipata, Opera Tech Ventures, AfterWork Ventures, and Jelix Ventures.

Funds from this capital raise will be used to accelerate investment in product development, expand the marketplace partner network, and support continued international expansion. Bailador is backing PropHero's Co-Founders and Co-CEOs, Mickael Roger and Pablo Gil Brusola, to continue executing on their growth in Australia and internationally.