1982 Ventures Announces Investment into Homebase

December 15, 2020

1982 Ventures backs Homebase – a Vietnam-based fintech platform with ambitions to bring home ownership to the underserved.

  • 1982 Ventures participated alongside leading venture capital firms from Vietnam, Silicon Valley and Singapore in a USD 7-figure funding round.
  • Homebase will use the funds to further develop their proprietary technology to empower aspiring homeowners in Vietnam and across Southeast Asia.

Homebase, the leading “rent to buy” home ownership platform in Southeast Asia, has secured funding from 1982 Ventures and other leading venture capital firms from Vietnam, Silicon Valley and Singapore. Homebase provides custom co-investment plans, where home buyers can pay the portion they can afford today, move in, and then buy out all or part of their stake when they are ready.

Investors in the heavily oversubscribed round include 1982 Ventures, VinaCapital Ventures, Class 5 Global, Pegasus Ventures, and Antler. Darius Cheung, Founder & CEO of 99.co, the largest property portal in Singapore and Indonesia, also participated in the round.

“We needed a VC that understood fintech and financial services and this is why we choose to work with 1982 Ventures”

JunYuan Tan, co-Founder and CEO, of Homebase stated, “We needed a VC that understood fintech and financial services and this is why we choose to work with 1982 Ventures.”  He continued, “We were impressed by their team, actionable guidance, tangible value add and commitment to Homebase.”

Scott Krivokopich, Managing Partner, of 1982 Ventures stated, “Homebase has a massive opportunity and their growth demonstrates the strong demand of the rising middle class in Vietnam.”  He continued, “Vietnamese property remains one of the most attractive real estate markets in the region and globally. Homebase will enable the underserved in Vietnam to participate in this attractive market and achieve the dream of home ownership.”

“Homebase will enable the underserved in Vietnam to participate in this attractive market and achieve the dream of home ownership”

“Homebase offers home-buyers and investors across Vietnam and Southeast Asia superior alternatives to traditional home buying options, with our flexible plans personalized by technology,” co-founder and COO Phillip An said. He continued, We look forward to working closely with partners in the property community including banks, real estate agencies, and developers, to uplift the sector with more inclusive solutions for those who aspire to own a home.”

Herston Powers, Managing Partner, of 1982 Ventures stated, “As a fintech focused fund, we are extremely proud to back Homebase and demonstrate our superior ability to source and execute the best fintech investments in Southeast Asia.” He continued, “JunYuan and Phillip of Homebase will transform home buying for millions of people in Vietnam and we are here to support their mission”.

“We are here to support the Homebase mission”

 

About Homebase

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.

Our mission is to make real estate financing and home-ownership accessible to all.

For more information, please visit us at: http://homebase.com.vn/