Malaysia’s RHL Ventures backs interior design marketplace Atap.co

Malaysian interior design marketplace Atap.co has announced an undisclosed amount of investment from RHL Ventures, according to an official release.

The fresh capital will be used by Atap.co to solidify its market presence in Malaysia, which includes the development of a physical experience centre in Petaling Jaya, Malaysia.

Founded in 2015, Atap.co aims to help consolidate the fragmented interior designer and architect market in Malaysia via a proprietary online platform that links them to customers, namely home and office-owners.

With a team of 16 people, the company says as many as 1,580 interior designers have been utilising the Atap.co platform; with project and photo listings numbered at 2,481 and 26,911 respectively.

Over the past two years, Atap.co – via its Leads Marketplace – has listed nearly 3,000 renovation jobs which have carried a budget value of MYR415 million. During this period, the website has drawn in 480,000 average monthly site visitors.

With assistance from RHL Ventures, the company’s experience centre in Petaling Jaya aims to raise the level of immersion for prospective interior design customers.

The venture is part of the company’s strategy to entrench its position in Malaysia – which will see it extend its interior design network in the Klang Valley and Johor before entering Penang in the immediate future. The company also has a long-term view to expand its services across Southeast Asia.

For RHL, the investment in Atap.co follows an undisclosed follow-on investment it made in healthcare SaaS platform HealthMetrics recently. The VC firm had earlier participated in the Malaysian startup’s $1-million seed round, along with Spiral Ventures and Cradle Seed Ventures, in May 2018.

Also Read: 

Malaysia’s RHL Ventures makes follow-on investment in HealthMetrics

Online home interior startup Livspace raises $70m from Goldman Sachs, TPG Growth

RHL Ventures tops up investment in AI startup GameOn, seeks to tap external investors

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

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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.