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Queensland real estate startup Revalu8 enters liquidation owing close to $900,000 after shareholder “disagreement”

A Queensland-based real estate startup that raised $1.5 million in funding last July has entered liquidation, after facing financial troubles when its shareholders disagreed over the direction of the business. Administrators from Worrells Insolvency were appointed to Revalu8 Limited on February 13 and after a second meeting of creditors on March 10, a decision was made on March […]
Emma Koehn
Emma Koehn
ReValu8

A Queensland-based real estate startup that raised $1.5 million in funding last July has entered liquidation, after facing financial troubles when its shareholders disagreed over the direction of the business.

Administrators from Worrells Insolvency were appointed to Revalu8 Limited on February 13 and after a second meeting of creditors on March 10, a decision was made on March 20 to place the company in liquidation.

Worrells Partner Jason Bettles told SmartCompany this morning that funds for the business “dried up” after a disagreement between shareholders.

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