Deckard Technologies, a GovTech platform specializing in property rental compliance and tax revenue optimization for local governments, has secured $3.9 million in growth credit from Australia-based Mighty Partners. This non-dilutive funding is designated to accelerate Deckard’s expansion into the long-term rental (LTR) market, which the company estimates to be up to seven times larger than the short-term rental (STR) sector. The capital will also support the expansion of its sales and service teams to meet increasing demand.
Founded in Australia and now headquartered in the US, Deckard Technologies has reported revenue growth exceeding 60% over the past year. Its primary platform, Rentalscape, is currently utilized by over 400 jurisdictions across the US, Canada, and Australia to manage compliance for more than 250,000 STR properties.
The company is now leveraging its expertise to enter the LTR market, aiming to assist municipalities in addressing critical issues such as housing affordability, tenant safety, and comprehensive property oversight within this sector.
Nick Del Pego, CEO of Deckard Technologies, commented on the development, stating, “This growth credit facility from Mighty Partners represents a significant step forward for Deckard Technologies as we expand our mission of empowering local governments with cutting-edge tools to modernize property oversight. By entering the long-term rental market, we’re addressing some of today’s most pressing municipal challenges, like housing affordability and tenant safety, while unlocking a market opportunity that is multiple times larger than short-term rentals.” He added that the non-dilutive funding enables accelerated innovation and growth while preserving the company’s vision and control, ensuring continued value delivery to customers and communities globally.
