National E-Conveyancing Development Limited has completed another funding round, with Link Market Services joining the share register of the entity charged with automating Australia's property transfer system.Western Australia's land title registrar, Landgate, has also increased its shareholding in NECDL.Link, whose main business is maintaining securities registers, appears to have paid A$19.8 million, at $2.80 a share, for its stake. Link will get to appoint a director to the board.Landgate upped its holding at a lower price per share of $2.62, based on ASIC filings.The Victorian, New South Wales, Western Australian and Queensland governments, as well as Australia's major banks and Macquarie Group, are the other shareholders.NECDL's chief executive, Marcus Price, said Grant Samuel was managing the process to select another key investor. He said the board had initially identified "20 to 30 organisations that might have an interest in this business.""We whittled that down to nine and then four. All four made binding offers," Price said."That's a vote of confidence in the company. We're now funded all the way through to release. There's just one more [funding] round now, and that's working capital, in 18 months time."Price said, when it came to investors, NECDL's board wanted "not just money and price [of the investment; this is also] about strategic alignment and what they bring to the company."The Link business is very closely aligned [with us], with capability and complementary operations, and rigour in delivering solutions. They've got a lot to offer."Price said NECDL was "on target for the second release, so we're quite pleased where the technology is up to."He said integration testing was underway with the land registries in Victoria and New South Wales.