PropTech Company Analysis

Goals

To provide detailed competitive analysis on proptech companies globally, including Ajar, Compass, OpenDoor, and Redfin, to inform the client's business strategies.

Early Findings

Our initial research was compiled into a spreadsheet to allow for easy access on the research.

Ajar

  • Ajar holds the number one spot for “property management and rent collection platform[s] in the Middle East.” They help property managers manage properties efficiently and with support, and offer a place for tenants of those properties to pay their rent and contact property management with issues or questions. Their technology functions for both landlords and tenants.
  • It allows property managers to: Add properties and tenants to database; customize / send invoices; manage tenants, leases, paperwork, etc within the system; monitor performance w/ insights; and collect payments security via the system. It allows tenants to: Join the app and pay rent/fees through the system; get notifications from landlords or property managers; communicate with property managers and the landlord directly; and earn rewards through the program.
  • The company has estimated annual revenue of just over $251 K.
  • They’ve been through three investing rounds, but only got funding in the third round. The first was Seed stage through BECO Capital and the second was an Early VC round through the same investor; neither time the company got funding (according to La French Tech). In the third round, Series A, they got $7.5 M from 500 Startups. Ajar is currently in the Late Growth Stage.

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