brand logo

SL arm of Australian property company raises $ 25 m for expansion 

27 Sep 2021

Different, an Australian property management company that has expanded in Colombo, Sydney, and Melbourne, has recently raised $ 25 million in a Series B round to expand its presence nationally and scale up its breakthrough technology platform including its engineering centre here in Sri Lanka. The raise was led by x15ventures, the technology venture-scaling entity of the Commonwealth Bank of Australia, and global early-stage venture capital firm Antler, making it one of the largest VC-backed Series B for a company where its main engineering centre is in Sri Lanka. This incredible milestone also comes after it secured and raised funding of $ 7 million in a Series A round of funding backed by AirTree Ventures mid-last year amidst the global pandemic.  Different was founded in 2017 by ex-Silicon Valley executives, Mina Radhakrishnan and Ruwin Perera, setting on a journey to make a real difference for property owners, their properties, and those who live in them. Moreover, it does this through three key service elements: the :Different Owner App, its team of experts, and its property partners.  In just less than four years, the company has exhibited tremendous growth with numbers in terms of revenue and team almost doubling last year. “We owe much of our momentum to the talented people and customer-centric technology that come together in creating highly impactful experiences,” said Radhakrishnan.  Perera added that the company is only growing stronger and more resilient, with ambitious plans to take it to greater heights.  Different is a Silicon Valley startup with its founders being former senior members of Google’s Global Strategy Team and Uber’s Global Product Team. The company’s CTO Shishir Das is formerly from ThoughtWorks, and Vice President of Engineering Hasitha Liyanage is from Sysco LABS.  With Sri Lanka capturing global attention as one of the most sought-after destinations for talents and skills in producing top-notch technology solutions, :Different instinctively turned to Sri Lanka within just two years of its inception. The company is said to double its stake in the country and expand its team and capabilities in the coming months. The company is actively expanding its team of engineers and programmers in Sri Lanka, with plans to set the bar for excellence in engineering by sharing continuous knowledge and best practices across the industry. Liyanage said: “We are looking for the cream of the cream who possess an ideal combination of great engineering skills, ability to think critically and communicate effectively, with desirable levels of emotional intelligence that gives one to be self-confident and open-minded.” Since the beginning of this year, :Different began offering all its permanent employees, across its offices including Colombo, equity in the firm and truly meant that every individual is part of one family, striving to grow together and pursue shared aspirations and goal of building a world-class technology company.  Different is currently the fastest growing property tech startup in Australia with the vision to build the “digital assistant for your home”. The company is expanding its team of 100 employees including the engineering centre in Sri Lanka, whilst helping thousands of owners, tenants, and properties through its cutting-edge solutions that have some of the best-in-class engineering practices and agile software development process.   


More News..