Australian proptech Inspace has banked $6 million from Facebook co-founder Eduardo Saverin’s B Capital Group and Australian VC firm Our Innovation Fund.
Property technology start-up Inspace has bucked the harsh venture capital environment to bank $6 million in a funding round featuring money from Facebook co-founder Eduardo Saverin’s venture capital firm B Capital and Our Innovation Fund., said it intended to use the new funds to build artificial intelligence capabilities.
Inspace chief executive Justin Liang: “AI will be a big focus for us as it is for the rest of the world right now.”“But specifically, we’re [looking to] help our customers automatically create those documents, which today is done very manually.” B Capital said its investment into Inspace reflected Mr Saverin’s strategy of investing in technology that “revitalises existing industries, allowing them to adapt to a changing environment”.Mr Saverin was best known for co-founding Facebook, and gained widespread fame following the 2010 movieFacebook co-founder Eduardo Saverin runs venture capital firm B Capital Group.Since leaving Facebook, Mr Saverin – now a multibillionaire – has become an active tech investor.
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