Singaporean real estate co-investment platform RealVantage has closed a $10 million Series A round. In a separate development, Vietnam’s Vingroup has signed an MoU with the southern Indian state of Telangana for a proposed investment of $3 billion
RealVantage closes $10m Series A
Real estate co-investment platform RealVantage has closed a $10 million Series A round that was oversubscribed, valuing the Singapore-based firm at about $70 million. DealStreetAsia DATA VANTAGE first reported the fundraising last week based on ACRA filings.
Investor demand exceeded the round size, with three family offices, including the one linked to property group SoilBuild, taking part. Some of this demand was met through secondary transactions, allowing long-time employees to gain liquidity.
“The strong vote of confidence from new investors reinforces our mission: to continue advancing our mandate of making institutional-grade real estate investing far more accessible, transparent and rewarding for everyone across the globe,” said States Keith Ong, co-founder and chief executive officer of RealVantage.
The firm said that it has already set up a Hong Kong joint venture with real estate partners and a family office. The new unit will be led by Ivan Ho, former CEO of KaiLong REI, with ex–ex-Standard Chartered senior banker Edmund Ho advising.
Founded in 2019, the company has raised over S$400 million for deals across seven markets and has built a base of around 10,000 investors globally. It plans to use the new funds to roll out additional investment products, upgrade its AI-enabled platform, and expand in the region.
“RealVantage is bringing a fresh, disciplined and investor-aligned approach to real estate investing. I appreciate the team’s rigour, transparency and strong deal-making capabilities. Their platform fills a real gap in the market, and I’m confident they are poised for even greater growth,” Lim Han Feng, Soilbuild Group Holdings director and a participating investor through SoilBuild’s family office, said.
Vingroup plans to invest $3b in India’s Telangana state
Vingroup has signed a Memorandum of Understanding (MoU) with the Government of Telangana, India, for a proposed investment of $3 billion, to be implemented in a phased manner for developing a multi-sector ecosystem in the state.
Under the MoU, both parties will collaborate to explore strategic opportunities in smart urban development, electric mobility solutions, healthcare, education, tourism, renewable energy, electric taxi services and charging infrastructure, across around 2,500 hectares.
The group has proposed India’s first large-scale electric taxi fleet and a mobility-as-a-service platform using VinFast vehicles. It may also explore future EV manufacturing opportunities.
In urban development, Vingroup plans to build the 1,080-hectare Vinhomes Smart City for about 200,000 residents. The project is expected to create 10,000 jobs and offer a mix of low- and high-rise housing, international-standard amenities, and sustainable planning.
The social infrastructure plan includes a K-12 Vinschool on roughly 70 hectares, Vinmec International multi-speciality hospitals, and the V-Green charging network.
In tourism & entertainment through VinWonders, Vingroup aims to develop a 350-hectare complex with a theme park, zoo and safari, strengthening tourism infrastructure and generating large-scale employment.
In renewable energy, VinEnergo proposes a 500 MW solar farm on about 500 hectares to supply stable green electricity for urban areas, industrial zones and the mobility ecosystem.
