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.