Wonder
Log in
Research Outline
Prepared for Jeffrey F. | Delivered June 23, 2020
PropTech Company Analysis
Review your project details
Goals
To provide detailed competitive analysis on proptech companies globally, including Ajar, Compass, OpenDoor, and Redfin, to inform the client's business strategies.
View less
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.
View less