Philippines: IMJ, Machine Ventures fund real estate startup GetPlace

Visual from GetPlace's Facebook page

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.

Also Read: Philippines: ZipMatch closes another Series A round led by Kickstart

“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.

Also read: PH startup FlySpaces raises $500k from Coent Venture, others, launches in Singapore

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.

Also Read:

Indonesia: YesBoss acquires Philippines-based virtual personal assistant service HeyKuya

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.

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.