PropertyMaps Corporate Blog

Our CEO was interviewed by mergermarket.com an independent Mergers and Acquisitions (M&A) intelligence service that specializes in providing forward-looking origination and deal flow opportunities with a comprehensive deals database resulting in real revenues for clients. We were contacted to discuss the current and ongoing capitalization plans of PropertyMaps. See excerpts below:

“PropertyMaps, a Florida-based real estate website, expects to seek a first round of venture capital this year to fund aggressive growth plans, chief executive Keith Hanenian said. The business could be ready to consider an exit strategy in two years or less, he added.
The privately held company should close on a round of angel investing in the next week or so, the CEO said, and will probably seek USD 10m to 20m of venture capital in the next three to six months. Merrick Capital of Texas is advising the company….”Its growth plan includes adding the listings from the nation’s top 100 MLS markets within the next three to six months, Hanenian said. After building and marketing the site, the founders will look to exit through an IPO or sale, the CEO added, pointing to technology companies such as Google and Microsoft as possible suitors.” by Chris Marr in Atlanta

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