Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login PropHero, an artificial intelligence-powered platform that helps real estate buyers find investment properties, has sacked most of its local staff less than two months after announcing it had secured $25 million in financing in a round led by ASX-listed venture capital firm Bailador. Staff were told about the job losses at a meeting abruptly called by PropHero co-founders Mickael Roger and Pablo Gil Brusola earlier this month.
Marketing functions will be moved to Spain, and the remaining Australian staff were asked to forgo salaries and work on a commission-only basis. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.
Latest In Technology Fetching latest articles Most Viewed In Technology BOSS Financial Review.
Technology
Bailador-backed PropHero guts local operations despite $100m valuation
Emails between executives show serious unhappiness as the real estate investment start-up’s founders take the axe to local teams and move operations to Spain.