Two AI platforms. One compounding moat across the entire Australian property value chain — buyer, agent, developer, lender.
Buyers navigate 15 platforms for $1M+ decisions. Developers commit $50M+ on council PDFs and gut. Nobody connects the four actors — and nobody compounds the signal.
Connects every property professional — agents, managers, valuers, conveyancers — with the buyers who need them, through proactive AI matching.
Replaces guesswork in development finance and planning with probabilistic AI — one source of truth for councils, developers, and lenders before a dollar is committed.
Every RESIDARA transaction enriches STRATUM. Every STRATUM development creates RESIDARA buyer demand. SINGULARITY — the shared data layer — compounds with every signal and is itself a standalone IaaS API business.
AU residential property is the largest asset class by value. PropTech penetration sits below 4%. RESIDARA + STRATUM address all four actors — consumer, professional, developer, lender.
| Tier | Today | Planned Y2+ |
|---|---|---|
| RES Consumer | $9.99/mo | $9.99 / $19/mo |
| RES Starter | $59/mo | $79/mo |
| RES Pro | $119/mo | $299/mo |
| RES Enterprise | $299/mo | $999/mo |
| RES Engagement | 12% × completed deal value (live) | |
| STR Starter | $99/mo | $499/mo (Dev) |
| STR Pro | $249/mo | $1,299 (Dev Pro) |
| STR Enterprise | $499/mo | $2,999 (Dev Ent) |
| STR Lender | — | $999 → $4,999 |
| STR Council | — | $9,999/mo |
| Income Statement (A$M) | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|
| Paying subscribers (000s) | 0.8 | 4.0 | 14.0 | 30.0 | 50.0 |
| Blended ARPU/yr (A$) | $560 | $700 | $880 | $1,060 | $1,200 |
| SaaS subscriptions | 0.45 | 2.80 | 8.40 | 18.40 | 30.00 |
| Engagement fees (12%) | 0.05 | 0.45 | 2.40 | 6.00 | 12.00 |
| IaaS API (RESIDARA share) | 0.00 | 0.10 | 1.00 | 3.00 | 6.00 |
| Total Revenue | 0.50 | 3.35 | 11.80 | 27.40 | 48.00 |
| AWS infra (15%) | (0.08) | (0.50) | (1.77) | (4.11) | (7.20) |
| AI tokens (5%) | (0.03) | (0.17) | (0.59) | (1.37) | (2.40) |
| Payment + CDR fees (3%) | (0.02) | (0.10) | (0.35) | (0.82) | (1.44) |
| Gross Profit | 0.38 | 2.58 | 9.09 | 21.10 | 36.96 |
| Gross Margin % | 76% | 77% | 77% | 77% | 77% |
| R&D (engineering) | (1.20) | (2.40) | (3.80) | (5.40) | (7.20) |
| Sales & Marketing | (0.90) | (2.10) | (3.50) | (5.50) | (7.20) |
| G&A + Patent legal | (0.40) | (0.70) | (1.20) | (1.80) | (2.40) |
| Total OpEx | (2.50) | (5.20) | (8.50) | (12.70) | (16.80) |
| EBITDA | (2.12) | (2.62) | 0.59 | 8.40 | 20.16 |
| EBITDA Margin % | — | — | 5% | 31% | 42% |
| D&A (capitalised IP) | (0.10) | (0.20) | (0.35) | (0.50) | (0.70) |
| Tax (30% on profit) | 0.00 | 0.00 | (0.07) | (2.37) | (5.84) |
| Net Income | (2.22) | (2.82) | 0.17 | 5.53 | 13.62 |
| Cash Flow Statement (A$M) | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|
| EBITDA | (2.12) | (2.62) | 0.59 | 8.40 | 20.16 |
| + D&A (non-cash) | 0.10 | 0.20 | 0.35 | 0.50 | 0.70 |
| – Tax paid | 0.00 | 0.00 | (0.07) | (2.37) | (5.84) |
| – Δ Working capital (AR/AP) | (0.05) | (0.20) | (0.55) | (0.95) | (1.30) |
| Operating Cash Flow | (2.07) | (2.62) | 0.32 | 5.58 | 13.72 |
| CapEx (capitalised R&D) | (0.30) | (0.40) | (0.60) | (0.80) | (1.00) |
| Acquired data licences | (0.20) | (0.40) | (0.50) | (0.40) | (0.30) |
| Investing Cash Flow | (0.50) | (0.80) | (1.10) | (1.20) | (1.30) |
| Series A allocation (RES) | 5.50 | — | — | — | — |
| Financing Cash Flow | 5.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Change in Cash | 2.93 | (3.42) | (0.78) | 4.38 | 12.42 |
| Year-end Cash | 2.93 | (0.49) | (1.27) | 3.11 | 15.53 |
| Burn / month | (173K) | (285K) | (65K) | +365K | +1.04M |
| Months of runway @ Y2 end | ~16 mo from RES allocation alone; portfolio raise extends if needed. | ||||
| Balance Sheet (A$M, year-end) | Y0 Pre-A | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|
| Cash & equivalents | 0.03 | 2.93 | — | — | 3.11 | 15.53 |
| Accounts receivable | 0.00 | 0.06 | 0.42 | 1.48 | 3.43 | 6.00 |
| Capitalised IP & engines (founder-built) | 1.50 | 1.80 | 2.10 | 2.55 | 3.10 | 3.80 |
| Patent portfolio (6 RES @ filing cost) | 0.04 | 0.06 | 0.10 | 0.18 | 0.30 | 0.45 |
| Other / prepaid | 0.00 | 0.10 | 0.15 | 0.20 | 0.30 | 0.40 |
| Total Assets | 1.57 | 4.95 | 2.77 | 4.41 | 10.24 | 26.18 |
| Deferred revenue | 0.00 | 0.06 | 0.42 | 1.48 | 3.43 | 6.00 |
| Founder advances / accrued | 0.30 | 0.20 | 0.30 | 0.55 | 0.90 | 1.30 |
| Tax payable | 0.00 | 0.00 | 0.00 | 0.07 | 2.37 | 5.84 |
| Total Liabilities | 0.30 | 0.26 | 0.72 | 2.10 | 6.70 | 13.14 |
| Founder paid-in capital (cash) | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 |
| Founder IP contribution (in-kind) | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 |
| Series A capital (RES allocation) | — | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 |
| Retained earnings | (0.23) | (2.31) | (4.95) | (4.69) | 0.84 | 14.46 |
| Total Equity | 1.27 | 4.69 | 2.05 | 2.31 | 7.84 | 21.46 |
| Total Liab + Equity | 1.57 | 4.95 | 2.77 | 4.41 | 14.54 | 34.60 |
| Y0 imputed founder time (CTO @ A$300K × 2 yrs × 50% RES) ≈ A$0.30M sweat equity — not booked, retained 100% by Kane via founder shares. | ||||||
| Income Statement (A$M) | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|
| Paying customers (B2B) | 40 | 220 | 800 | 2,000 | 4,000 |
| Blended ARPU/yr (A$) | $3,000 | $5,500 | $7,500 | $8,000 | $8,500 |
| SaaS subscriptions | 0.12 | 1.21 | 6.00 | 16.00 | 34.00 |
| IaaS API (STRATUM share) | 0.00 | 0.15 | 0.80 | 2.50 | 5.00 |
| Council / LGA enterprise | 0.00 | 0.20 | 1.20 | 3.50 | 7.00 |
| Total Revenue | 0.12 | 1.56 | 8.00 | 22.00 | 46.00 |
| AWS infra (16%) | (0.02) | (0.25) | (1.28) | (3.52) | (7.36) |
| AI tokens (8%) | (0.01) | (0.12) | (0.64) | (1.76) | (3.68) |
| Data licences (Govt + DA) | (0.04) | (0.10) | (0.30) | (0.60) | (1.00) |
| Gross Profit | 0.05 | 1.09 | 5.78 | 16.12 | 33.96 |
| Gross Margin % | 42% | 70% | 72% | 73% | 74% |
| R&D (engineering) | (1.30) | (2.40) | (3.50) | (4.80) | (6.00) |
| Sales & Marketing (B2B) | (0.50) | (1.20) | (2.20) | (3.80) | (5.20) |
| G&A + Compliance / SOC2 | (0.30) | (0.65) | (1.10) | (1.60) | (2.10) |
| Total OpEx | (2.10) | (4.25) | (6.80) | (10.20) | (13.30) |
| EBITDA | (2.05) | (3.16) | (1.02) | 5.92 | 20.66 |
| EBITDA Margin % | — | — | — | 27% | 45% |
| D&A (capitalised IP) | (0.10) | (0.20) | (0.35) | (0.50) | (0.70) |
| Tax (30% on profit) | 0.00 | 0.00 | 0.00 | (1.63) | (5.99) |
| Net Income | (2.15) | (3.36) | (1.37) | 3.79 | 13.97 |
| Cash Flow Statement (A$M) | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|
| EBITDA | (2.05) | (3.16) | (1.02) | 5.92 | 20.66 |
| + D&A (non-cash) | 0.10 | 0.20 | 0.35 | 0.50 | 0.70 |
| – Tax paid | 0.00 | 0.00 | 0.00 | (1.63) | (5.99) |
| – Δ Working capital (AR + AP) | (0.04) | (0.18) | (0.65) | (1.40) | (2.20) |
| Operating Cash Flow | (1.99) | (3.14) | (1.32) | 3.39 | 13.17 |
| CapEx (capitalised R&D) | (0.30) | (0.40) | (0.55) | (0.75) | (0.90) |
| DA training corpus build | (0.20) | (0.30) | (0.30) | (0.20) | (0.10) |
| Investing Cash Flow | (0.50) | (0.70) | (0.85) | (0.95) | (1.00) |
| Series A allocation (STR) | 4.50 | — | — | — | — |
| Financing Cash Flow | 4.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Change in Cash | 2.01 | (3.84) | (2.17) | 2.44 | 12.17 |
| Year-end Cash | 2.01 | (1.83) | (4.00) | (1.56) | 10.61 |
| Burn / month | (165K) | (320K) | (180K) | +205K | +1.01M |
| Bridge: STRATUM B2B sales cycle (3–9 mo) and SOC2 push delay revenue inflection by ~12 months vs RESIDARA. Funded by combined RESIDARA cash + portfolio cross-allocation. | |||||
| Balance Sheet (A$M, year-end) | Y0 Pre-A | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|
| Cash & equivalents | 0.02 | 2.01 | — | — | — | 10.61 |
| Accounts receivable | 0.00 | 0.02 | 0.26 | 1.33 | 3.67 | 7.67 |
| Capitalised IP & engines (founder-built) | 1.80 | 2.10 | 2.55 | 3.10 | 3.75 | 4.50 |
| DA training corpus (founder-curated) | 0.40 | 0.55 | 0.75 | 0.95 | 1.10 | 1.20 |
| Patent portfolio (7 STR + 1 SH @ cost) | 0.05 | 0.07 | 0.12 | 0.20 | 0.32 | 0.48 |
| Other / prepaid | 0.00 | 0.10 | 0.15 | 0.20 | 0.30 | 0.40 |
| Total Assets | 2.27 | 4.85 | 3.83 | 5.78 | 9.14 | 24.86 |
| Deferred revenue (annual) | 0.00 | 0.04 | 0.39 | 2.00 | 5.50 | 11.50 |
| Founder advances / accrued | 0.25 | 0.18 | 0.35 | 0.65 | 1.05 | 1.50 |
| Tax payable | 0.00 | 0.00 | 0.00 | 0.00 | 1.63 | 5.99 |
| Total Liabilities | 0.25 | 0.22 | 0.74 | 2.65 | 8.18 | 18.99 |
| Founder paid-in capital (cash) | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Founder IP contribution (in-kind) | 2.05 | 2.05 | 2.05 | 2.05 | 2.05 | 2.05 |
| Series A capital (STR allocation) | — | 4.50 | 4.50 | 4.50 | 4.50 | 4.50 |
| Retained earnings | (0.23) | (2.12) | (3.66) | (3.62) | (5.79) | (0.88) |
| Total Equity | 2.02 | 4.63 | 3.09 | 3.13 | 0.96 | 5.87 |
| Total Liab + Equity | 2.27 | 4.85 | 3.83 | 5.78 | 9.14 | 24.86 |
| Y0 imputed founder time (CTO @ A$300K × 2 yrs × 50% STR) ≈ A$0.30M sweat equity — not booked, retained 100% by Kane via founder shares. | ||||||
Residential PropTech is fragmented — consumer portals, agent tools, and developer intelligence in silos. No platform connects all four actors with a shared data substrate.
VIC/NSW launch. 800 RESIDARA paying users + 40 STRATUM customers. 2 lender API partnerships.
National rollout · Lender + Council tiers ship. IaaS API goes live for 3rd-party PropTech. NEXUS scales.
NZ + SEA expansion. Institutional data partnerships. Position for ASX IPO or strategic acquisition.
| Founder cash deployed (RES + STR) | A$0.5M |
| Capitalised IP & engines (built) | A$3.3M |
| 14 AU patents @ replacement cost | A$2.5M |
| Founder time × 2 yrs (CTO rate) | A$0.6M |
| Portfolio premium (22+ live SaaS) | A$3.1M |
| Tangible + IP carrying | A$10.0M |
| NTM ARR multiple (A$3.4M × 10×) | A$35.0M |
| Implied pre-money | A$45.0M |
| Scenario | 5-yr Exit | Return | IRR |
|---|---|---|---|
| Base | A$300M | 5.5× | 41% |
| Target | A$700M | 12.7× | 66% |
| Upside (PEXA-class) | A$1.5B | 27.3× | 94% |