{"id":42224,"date":"2023-10-20T15:19:39","date_gmt":"2023-10-20T15:19:39","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/tradie-platform-hipages-tools-up-with-6-million-investment-from-big-names-startupsmart\/"},"modified":"2023-10-20T15:19:39","modified_gmt":"2023-10-20T15:19:39","slug":"tradie-platform-hipages-tools-up-with-6-million-investment-from-big-names-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/tradie-platform-hipages-tools-up-with-6-million-investment-from-big-names-startupsmart\/","title":{"rendered":"Tradie platform hipages tools up with $6 million investment from big names &#8211; StartupSmart"},"content":{"rendered":"<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"445\" height=\"352\" itemprop=\"image\" class=\"entry-thumb\" src=\"\/wp-content\/uploads\/2014\/05\/l_hipages-445.jpg\" alt=\"\" title=\"l_hipages-445\"><\/div>\n<p>After operating for 10 years, Australia\u2019s largest platform for finding tradespeople, hipages.com.au has secured $6 million of investment.<\/p>\n<p>&nbsp;<\/p>\n<p>The investment comes from some of Australia\u2019s leading business names, including Ellerston Capital \u2013 a fund set up by the Packer family \u2013 Australian Ethical Investment, and KTM Capital, which is the underwriter of the Freelancer.com float.<\/p>\n<p>&nbsp;<\/p>\n<p>Hipages group co-founder and chief executive officer David Vitek says the company\u2019s effort over the years has paid off.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cAfter 10 years of hard work growing the business this $6 million vote of confidence from some of Australia\u2019s most respected investment funds is validation that we have solved a real problem for consumers,\u2019\u2019 he says.<\/p>\n<p>&nbsp;<\/p>\n<p>Hipages.com.au attracts just over a million visitors each month and it connects over 40,000 tradespeople with 500,000 consumers.<\/p>\n<p>&nbsp;<\/p>\n<p>Co-founder and COO Robert Sharon-Zisper says the company has been growing revenue at an average of 30% per annum and this round of funding will allow it to accelerate its growth.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cOur aim is to be a household name across the 8.3 million homes in Australia,\u2019\u2019 he says.<\/p>\n<p>&nbsp;<\/p>\n<p>The capital raising was managed by technology-focused advisory firm Right Click Capital and partner Ari Klinger praised Hipages.com.au for transforming the industry.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cHipages is an outstanding company that has reinvented the Yellow Pages into a trusted service network that solves one of the perennial issues for consumers \u2013 finding a good tradie.The significant demand for the idea including from some of Australia\u2019s premier institutional investors is a strong validation of the management team, strategy and investment potential of the business.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After operating for 10 years, Australia\u2019s largest platform for finding tradespeople, hipages.com.au has secured $6 million of investment. &nbsp; The<\/p>\n","protected":false},"author":2,"featured_media":60456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42224"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=42224"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60456"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=42224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=42224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=42224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}