$11 million capital raising under way for George Giannakodakis’ PointData company

·

By Eleni Patsalides.

Property technology company PointData, which uses artificial intelligence and machine learning to automatically assess development potential of all the residential land sites in capital cities, intends to raise $11 million by June to accelerate their expansion plans.

PointData uses patented technology, that has up to 24 unique data points on each property, to provide real-time valuations which change in line with broader market shifts and with what is most sought after amongst real estate buyers.

Despite prospective interest rate increases, Chief Executive Officer, George Giannakodakis, remains positive that this should only further demand for the provider’s services due to growing need for buyers to maximise their return potential.

“If anything, it makes people want to use it more,” Mr Giannakodakis told The Australian Financial Review in response to the likelihood of rate rises as the Reserve Bank foresees inflation.

The company, based in Adelaide, says that it is returning to high-net-worth investors and family offices first as they begin the fundraising for this next leg. In the past four years, PointData has raised $5.4 million in seed and Series A funding.

PointData set up a Western Australian arm in December and is now making plans to expand to the Eastern seaboard with Victoria first on the list of eastern state markets.

The company is estimated to have full coverage of all capital cities in Australia within 12-18 months and has just appointed two Sydney-based directors. PointData is also chaired by Con Tragakis, a former KPMG SA chairman of partners.  

Source: The Australian Financial Review.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Webinar for Greeks abroad tackles key tax issues and draws hundreds

The first TaxWebinar dedicated exclusively to Greeks abroad and tax residents of other countries was held on Wednesday, July 9.

From passports to tax reform: Loverdos sets agenda ahead of Australia visit

Loverdos has confirmed that he will be visiting Australia from 8 to 26 October, acknowledging the government’s absence from the country.

‘I’m not done yet’: Ange Postecoglou reflects on heritage and coaching dreams

Ange Postecoglou sat down with The Greek Herald to reflect on his philosophy and his cultural heritage. Read the interview here.

Heritage NSW inspects Paragon Café as emergency works get underway

The Paragon Café in Katoomba has taken its first meaningful steps toward preservation following a recent on-site inspection by Heritage NSW.

Māori-Greek artist’s tribute to ancestors lights up Manhattan billboard

Māori-Greek artist Jimmy James Kouratoras has made a striking return to New York, with his painting Hei Tiki – For the Love of Our Ancestors.

You May Also Like

Greek Australian martial arts expert named NSW Volunteer Director of the Year

Greek Australian Kip Stavrou has been named co-winner of the 2021 Volunteer Director of the Year at the 2021 NSW Community Sports Awards.

How to make sure kids get language learning on their Greek holiday

If your children don’t already know, it is important to introduce them to the idea that conversations reflect culture.

RAAF jet flying Mathias Cormann around Europe as he campaigns for OECD job

A taxpayer funded Royal Australian Air Force jet has taken Mathias Cormann to Turkey as he campaigns to lead the OECD.