Brief, Buzz, findyourspace, funding, investment, Investments, News, online property, Startups, startups in Thailand, Thailand

Brief: Online property portal raises $300k to expand beyond Thailand


Photo credit: Swaminathan.

Thailand-based property finder FindYourSpace helps real estate agents list their properties online and increase their business through its website. It started out as a consumer-facing property portal but decided to focus on agents when it “identified pain points” in their everyday work.

This is its first external investment – it has been self-funded since its February 2015 launch, with the exception of a US$30,000 investment from 7Peaks Software, a company owned by FindYourSpace CEO Jostein Aksnes and two other partners at the startup’s incorporation.

Competitors: PropertyGuru, 99.co, iProperty, Hipflat

How it compares to competitors: The startup sees itself as a complement to property portals, making and providing tools for real estate agents to publish and manage their listings across a number of online platforms. In Thailand, it’s working with Hipflat and DD Property (PropertyGuru’s local entity).

Traction

  • Around 200 real estate agents use the platform actively on a monthly basis
  • 35,000 property listings, with agents adding more than 900 new ones every month
  • The startup has been generating revenue since February 2016 but does not disclose more details

Funding details

Amount raised: US$300,000
Funding stage: Seed
Lead investor: REAPRA
Other investors: N/A
Investment type: Equity
Purpose: Expand to other markets in Southeast Asia, grow the business in Thailand with additional research and development, and sales and marketing push.
Total disclosed funding to date: US$330,000

This post Brief: Online property portal raises $300k to expand beyond Thailand appeared first on Tech in Asia.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

thirteen + 19 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.