1982 Ventures Backed Vietnam Proptech Homebase Raises USD$30M
November 22, 2021
Homebase founders Junyuan Tan and Phillip An. Homebase is a a Vietnam-based fintech platform with ambitions to bring home ownership to the underserved.
Article and Image reprinted. Original link: Deal Street Asia
In March, Homebase announced it raised $125,000 from renowned US-based accelerator Y Combinator (YC).
Last year, the proptech startup had raised an undisclosed amount in its pre-Series A round to develop new alternative financial solutions to serve homeowners in Vietnam. According to a statement, the size of the round was a “7-figure sum”.
The burgeoning proptech market in Vietnam is increasingly catching the fancy of investors. In August, Vietnam-based private equity firm Mekong Capital invested $10.2 million in local proptech startup Rever from Mekong Enterprise Fund IV.
Rever last raised $2.3 million led by GEC-KIP Technology and Innovation Fund in September 2019. The startup had earlier bagged another $4 million financing from Vietnam’s homegrown venture capital firm VinaCapital Ventures.
Meanwhile, in 2020, Propzy closed a $25 million series A round led by real estate private equity firm Gaw Capital and SoftBank Ventures Asia.
“We expect investments to continue to flow into the Vietnam proptech space, particularly as Vietnam and the rest of the region recovers from COVID and as consumer sentiments continue to improve,” said Kenneth Low, principal at SoftBank Ventures Asia told DealStreetAsia in an earlier interview.
Homebase is a real estate technology company that provides innovative home ownership and financing solutions across Southeast Asia. Currently available in Vietnam, Homebase is backed by VinaCapital Ventures, Class 5 Global, Pegasus Ventures, 1982 Ventures, Iterative VC and Antler, as well as the founders and executives at disruptive real estate financing companies including Opendoor, Zerodown and Divvy Homes. Homebase was founded by JunYuan Tan and Phillip An, and comprises of veteran real estate investors, computer scientists, and serial entrepreneurs hailing from organizations like Goldman Sachs, McKinsey, and LinkedIn.
For more information, please visit us at: http://homebase.com.vn/
About 1982 Ventures
1982 Ventures is the leading seed fund investing in fintech startups in Southeast Asia. Our focus makes us the first port of call for fintech founders and the first money in.
Our investments include Southeast Asian Open Banking API Platform Brick, Vietnam’s leading investment platform Infina (YC S21), Vietnam’s leading Buy Now, Pay Later Fundiin, Vietnam’s Rent-to-Own Home Financing app Homebase (YC W21), Indonesia’s first Earned Wage Access platform Wagely.
1982 Ventures is investing in and supporting the best founders to positively impact the future of financial services in Southeast Asia.
For more information visit: https://1982.vc/