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Why Facebook’s co-founder has put $6m into this Aussie start-up

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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.

Inspace, which lets buildings be viewed remotely in 3D, said it intended to use the new funds to build artificial intelligence capabilities. The AI will aim to automatically generate transaction and marketing documents and provide predictive insights to identify prospective tenants, Inspace chief executive Justin Liang said.

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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com

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    Original URL: https://www.afr.com/technology/why-facebook-s-co-founder-has-put-6m-into-this-aussie-start-up-20230630-p5dkrq