In the bustling world of real estate, where every brick and beam tells a story, a new player is making waves. Cohabit, founded by Thom Richards and Michael Cindric, has caught the attention of industry heavyweights like Qantas chair John Mullen and digiDirect founder Shant Kradjian. These luminaries are part of a group that has rallied behind Cohabit in a significant $1.2 million fundraising round.
This Sydney-based startup has set its sights on transforming residential property management through innovation and technology. The platform serves as a data and benchmarking powerhouse specifically tailored for strata and residential buildings. What sets Cohabit apart is its ability to provide detailed insights into building profiles, offering an array of information such as insurance risk ratings, structural integrity assessments, financial stability metrics, compliance evaluations, and more.
“Cohabit aims to revolutionize how we perceive and manage residential assets,”
explains CEO Thom Richards.
“Our platform serves as a beacon of clarity for strata managers, property owners, and prospective buyers by offering a comprehensive view of building health and performance—all consolidated within a single source.”
Richards emphasizes the untapped potential of building data in Australia, highlighting the repercussions when this valuable information remains dormant.
“Owners and buyers bear the brunt when crucial data is underutilized,”
he notes.
“Cohabit steps in to unlock visibility into building performance, safeguarding property values for owners, instilling confidence in buyers, and empowering managers to deliver top-notch service with minimal hassle.”
Prospective buyers are flocking to utilize Cohabit’s offerings for thorough strata searches before making investment decisions—a testament to the platform’s value proposition within the real estate landscape.
One standout feature is Cohabit’s ‘Expert Portal,’ which empowers strata specialists to create digital strata reports supported by robust data directly accessible through the platform. This initiative has garnered support from 15 leading strata inspection companies who are committed to providing unbiased third-party insights through professional reports for buyers and owners.
Apart from fostering transparency and assurance within the industry ecosystem, Cohabit also promises reduced administrative burdens coupled with enhanced service quality—an attractive proposition for stakeholders looking to streamline their operations effectively.
As this proptech disruptor continues on its growth trajectory within the capital raising arena amid accolades from key figures in the sector like Christopher Kerin and Michael Cindric from Sentia—its journey underscores a pivotal shift towards data-driven decision-making in property management strategies nationwide.
Through innovation-driven solutions backed by cutting-edge technology infrastructure, Cohabit stands at the forefront of reshaping how we interact with our living spaces—one byte at a time.
Leave feedback about this