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§ Private Profile · Sydney, New South Wales, Australia
Digital proptech platform enabling downsizers aged 55+ to buy new property off-plan using home equity and zero cash deposit via the Downsizer Bond.
Downsizer is a Sydney, Australia-based digital proptech platform that enables homeowners aged 55 and older to purchase new off-the-plan properties using the equity in their current homes without requiring a cash deposit. The company targets a domestic Australian market of approximately 1.7 million potential downsizing individuals over a five-year period, while also serving property developers, real estate agents, and vendors. Operating with a small team of several full-time employees, the early-stage startup partners with financial provider Deposit Power to issue its proprietary Downsizer Bond. The bootstrapped company developed its initial product over 18 months without institutional venture capital funding before launching a test pilot in February 2022, and it has been featured by the Stone & Chalk startup accelerator and the Proptech Awards. Downsizer was founded in 2021 by co-founders Mark Macduffie, Michael Kelly, and Damian Morgan.
Downsizer has raised $2.5M across 1 funding round.
Downsizer has raised $2.5M in total across 1 funding round.
Downsizer has raised $2.5M across 1 funding round. Most recently, it raised $2.5M Seed in March 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 15, 2023 | $2.5M Seed | Correlation Australia Holdings | Lombard | Announced |
Downsizer has raised $2.5M in total across 1 funding round.
Downsizer's investors include Correlation Australia Holdings, Lombard.