EQT has agreed to invest in PropertyMe, a leading cloud-based PropTech company in Australia and New Zealand, becoming the majority investor while partnering with the company’s founders who will retain a significant minority stake.
As part of the transaction, PropertyMe’s founders will move into Board roles in early 2026, continuing to support the company as long-term shareholders and strategic advisors.
Founded in 2013 and headquartered in Sydney, PropertyMe offers an all-in-one, cloud-based platform that helps property managers and real estate agencies streamline their workflows, from trust accounting to tenant communications.
The platform is reported to be used by more than 6,000 agencies to manage approximately 1.9 million rental properties, making it the largest property management software provider in Australia and New Zealand by number of properties managed.
Agencies collectively transact almost $40 billion through PropertyMe each year, including $2.4 billion directly through the company’s own MePay payments platform.
Brian Donn has been appointed as Chief Executive Officer, effective January 2026.
Mr Donn is a highly accomplished technology executive with more than 25 years of experience leading high-growth software businesses across EMEA and Asia Pacific regions.
He most recently served as SVP & Managing Director of Dayforce Asia Pacific and Japan, where he led a 3,000-person organisation for a global SaaS leader in human capital management and payroll.
Nicholas Macksey, Partner in the EQT Private Capital Asia advisory team and Head of the Mid-Market Growth strategy, expressed enthusiasm about the investment.
“PropertyMe is a standout company in the PropTech space, and we have been consistently impressed by its innovative platform and strong market position,” Mr Macksey said.
“The Company’s mission-critical software has become vital for thousands of property managers, and it aligns perfectly with EQT’s thematic focus on supporting technology-driven solutions for essential industries.”
Jason Tait, Founder of PropertyMe, said the company was excited to embark on this next chapter with EQT as a partner.
“Our mission at PropertyMe has always been to modernise property management and empower real estate professionals with best-in-class software,” Mr Tait said.
“After 12 years leading the business and as we look to the next chapter, the founders felt this was the right moment to transition into Board and advisory roles while remaining deeply committed as long-term shareholders.”
Mr Donn, the incoming PropertyMe CEO, said that he sees significant potential to build on the company’s strong foundation.
“With EQT’s backing and the highly talented team at PropertyMe, we are ready to accelerate our innovation roadmap, further elevate the customer experience, and set a new benchmark for the PropTech industry,” Mr Donn said.
“The opportunity ahead for the company is substantial, and I look forward to building a workplace that attracts, develops and retains exceptional talent.”
This transaction marks EQT Private Capital Asia’s third platform software investment in Australia and the second Australian investment under the MMG fund.
