OpenAgent captures Reinventure for $9m round

Aug 17, 2016 • Robert Lavine

Westpac's Reinventure firm led estate agent marketplace OpenAgent's latest round, which will help it add new features to its platform.

Australia-based real estate agent marketplace OpenAgent has raised A$12m ($9.2m) in a round led by Reinventure, the corporate venturing arm of financial services provider Westpac, Australian Financial Review reported yesterday.

Venture capital firm Qualgro and VC fund Breakthrough Labs also took part in the round, which increased OpenAgent’s overall funding to A$20m since it was founded in 2013.

OpenAgent runs a free-to-use online marketplace for estate agents that lets users compare sales and customer reviews. It claims to have matched…

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