EQT to invest in PropertyMe, a leading Australian cloud-based PropTech company

EQT announce that the BPEA Mid-Market Growth Partnership (or “the MMG fund”) has agreed to invest in PropertyMe (the “Company”), a leading cloud-based PropTech company in Australia and New Zealand. The transaction will see EQT become the majority investor in PropertyMe, partnering with the Company’s founders who will retain a significant minority stake.

Founded in 2013 and headquartered in Sydney, PropertyMe offers an all-in-one, cloud-based platform that helps property managers and real estate agencies streamline their workflows, from trust accounting and compliance to maintenance tracking and tenant communications. PropertyMe’s platform is used by more than 6,000 agencies to manage approximately 1.9 million rental properties, making it the largest property management software provider in Australia and New Zealand by number of properties managed. Agencies collectively transact almost $40 billion through PropertyMe each year, including $2.4 billion directly through PropertyMe’s own MePay payments platform.

Nicholas Macksey, Partner in the EQT Private Capital Asia advisory team and Head of the Mid-Market Growth strategy, said: “PropertyMe is a standout company in the PropTech space, and we have been consistently impressed by its innovative platform and strong market position. The Company’s mission-critical software has become vital for thousands of property managers, and it aligns perfectly with EQT’s thematic focus on supporting technology-driven solutions for essential industries. We see significant opportunities to help PropertyMe scale its platform, introduce new services, and expand into additional markets.”

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