PH-based GoodWork raises $1.6m seed funding led by Chaac Ventures

By Quynh Nguyen

May 14, 2020

The Philippines-based home services e-commerce platform GoodWork has raised $1.6 million in seed funding led by California-based VC fund Chaac Ventures, according to an announcement.

The round also saw the participation of investors namely Elysium Venture Capital, Kairos K50, and angel investors from Facebook and Snapchat.

GoodWork founded in October 2018 by Andrew Koger who previously ran Lazada’s Fulfillment by Lazada operations across the Philippines, plans to use the funding to expand its operations across Southeast Asia.

The company offers services such as home cleaning, laundry delivery, air-conditioner cleaning, home repairs, and home wellness services like manicure & pedicure in Southeast Asia.

It claims to have handled over 10,000 jobs per month with 70 per cent of daily bookings from repeat customers in its first year.

“We are excited to lead GoodWork’s seed round, and we are looking forward to providing all of Southeast Asia with services that will improve people’s day-to-day lives,” said Luke Armour, Chaac Ventures founder and CEO.

Chaac Ventures is a seed venture capital fund focused primarily on Princeton alumni-founded technology business. The firm makes investments ranging between $100K and $1 million.

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The round is also understood to be joined by ABS-CBN, Summit Media and Kickstart Ventures.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW