App/tech business of the week – AssetFarm

NEW  BNiQ List of WA Startups:  http://www.businessnews.com.au/list/startups 

What is it?       Online marketplace connecting buyers and sellers or oil and gas exploration and production properties. It has 12,000 active buyers and sellers. Free to browse basic information. Commissions are paid if asset is sold through contact made from the site.

Where accessed? www.assetfarm.com.au

Funding             Founder funded. Developed in 2013, launched in 2014. The idea was pitched to Telstra’s muru-D tech accelerator recently and won the ‘best idea’ for Perth and WA.                  

Market size      Average sale transaction of $100 million in the global $350 billion oil and gas industry. Equivalent markets in the US and UK, but not Australia.

Founders          Co-founders Matt Hayes and Dion Robeson