IMJ Investments, and Machine Ventures have invested in a pre-seed funding round of GetPlace, a recently founded real estate startup in the Philippines with an online platform that connects property seekers and brokers.
The size of the deal was undisclosed.
GetPlace is one of three startup portfolio of Machine Ventures, a Manila-based company builder that began last year. It recently sold virtual personal assistant service HeyKuya to YessBoss of Indonesia.
“Proud to see you all grow. $400 million in request value since launch,” Machine Ventures co-founder Farouk Meralli said, without disclosing other financial details such as sales and revenue.
Launched in June 2016, GetPlace, led by its CEO Tim Michael, is a web and mobile application that matches property seekers to brokers in real time.
Property seekers may create requests within the app that will be sent out to real estate brokers. Brokers, however, can easily find clients without having to upload their lengthy listings online. They may also interact with property seekers with the app’s built-in chat feature.
In an interview with DEALSTREETASIA, Michael said they hope to expand their services to other countries in the future as GetPlace was able to show great traction and a product market fit.
“Our next move will be to go deeper in the Philippines and with additional capital also geographically expand to Indonesia, and Singapore,” he said.
Michael added GetPlace will continue to work on the product which is now available on iOS, android, and web.