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).
- 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
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