IAG Firemark Ventures backs propper

IAG Firemark Ventures , the venture arm of IAG, has recently invested in propper , an Australian proptech startup which uses technology to provide property management and maintenance services at a lower cost.

“propper uses technology to de-risk property investment – for both landlords and renters who are looking for places to live. The proprietary data, collected via the propper platform, will help us to engage with existing customers – and new digital-first customers – in a meaningful way to deliver further value for their insurance needs. We’re excited to work with the team at propper to realise the full potential of this investment and roll out the benefits to our customers in both the short and long-term.” – IAG Firemark Ventures Managing Partner Scott Gunther.

“Our platform and unique operating model enables us to deliver an industry leading renting experience for both our landlord and tenant customers right across Australia. We’re excited to partner with IAG, as this partnership will see us collaborate on new innovative products that will further enhance the customer experience, while also driving long-term customer growth and business efficiencies that will ultimately accelerate our path to becoming the leading property services company in Australia.” – propper CEO and Founder Ash Frenken.

In 2019 propper launched propper Maintenance – a wholly-owned subsidiary of propper. Its customers receive access to their fully licensed and highly skilled trades at rates that are below market, while providing guarantees over both job quality and completion speed. In late 2019, propper Maintenance launched Handyplan exclusively to propper customers. Handyplan allows propper owners to enjoy the peace of mind of being covered for the costs of property maintenance and repairs, as well as preventative maintenance like gutter cleaning and pest control, in exchange for a low monthly fixed fee with no contract or long-term commitments.