Vietnamese real estate startup raises US$ 30 million of funding

Monday, 2021-11-15 16:02:49
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Homebase co-founders Phillip An (left) and JunYuan Tan. (Photo: Homebase)
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NDO/VNA - Homebase, a Vietnamese proptech startup, has raised US$ 30 million of funding from many world leading adventurous funds including Y Combinator, Partech Partners, Goodwater Capital, Ace and Company and Emles Advisors.

Homebase had earlier successfully called for funding from many investors such as VinaCapital Ventures; Brian Ma, co-founder and former CEO of Divvy Homes; Troy Steckenrider III, former chief operating officer of Zerodown; and 99.co founder and CEO Darius Cheung.

Vietnam is one of the fastest growing real estate markets in the world, but the chance for young people to have their own house is becoming harder.

Statistics from CBRE showed that in the third quarter of 2021, housing prices in Ho Chi Minh City rose 3-17 percent.

Founded in 2019, Homebase provides revolutionary and accessible products that empower homeowners to buy, sell, and own homes in ways that work best for themselves.

Tracy Vu, Homebase Director for Business Development said that the firm hopes to work more closely with leading real estate companies in Vietnam to help more Vietnamese people to own their own house, and get more chances to work with real estate brokers to access better financial tools to serve customers.