Singapore-based property platform Ohmyhome announced raising $5 million in an extended Series A funding round led by local investor Swettenham Blue, the family office of OG department stores’ Tay family.
The funding round, which raised Ohmyhome’s valuation to $45 million, will be used to finance the startup’s R&D in data-matching technology, which it said will speed up the closing of property deals on its platform.
Ohmyhome, started in September 2016 by sisters Rhonda and Race Wong, connects buyers and sellers directly at no cost. The platform boasts features such as ‘ShoutOut’ and ‘Open House’ to enhance the overall user experience.
It first raised about $2.92 million in its Series A funding round in 2018, led by Golden Equator Capital. Since its founding in 2016, Ohmyhome said more than 5,100 homes have transacted through its platform, representing a combined value of over S$1.6 billion ($1.2 billion).
Singapore coffee tech startup Morning nets $1.27m
Singapore-based coffee tech startup Morning announced raising $1.27 million in its pre-Series A funding round anchored by zVentures, the early-stage venture capital arm of global technology firm Razer.
Singapore-based The Lo & Behold Group also participated in the funding round, along with Zopim founders Royston Tay, Wu Wenxiang, and Kwok Yang Bin.
Morning, which was founded by Leon Foo and Andre Chanco, will use the fresh capital to fuel its international expansion, according to a press statement. The startup already has a presence in countries like Hong Kong, Canada, and the UK.
The startup said it aims to make specialty coffee more accessible in the home environment. It launched its IoT-enabled machine in 2020 using precision brewing features, combined with a recipe-driven ecosystem, to deliver every cup of coffee precisely as the roaster intended it to taste.
Morning said it reached its fundraising targets in 48 hours and sold out its first production run of 1,000 units within six months. Aside from the machine, Morning also operates the Morning Marketplace, an online shop to discover the world’s leading coffee roasters and all things specialty coffee.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has also put together a table listing out prominent venture capital transactions in Southeast Asia in the week beginning August 2.
Startups Headquarter Investment Size Investment Stage Lead Investor(s) Other Investor(s) Industry / Verticals
Matrixport Singapore $100,000,000 Series C DST Global, C Ventures and K3 Ventures Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group Fintech
Loship Vietnam $12,000,000 Series C BAce Capital, Sun Hung Kai MetaPlanet, Wealth Well, Prism Ventures, SQ Capital Group Ecommerce
Feedloop Indonesia Pre-Series A Telkomsel Mitra Inovasi Aksara Ventures Software
Yummy Corp! Indonesia Series B BRI Ventures Cloud Kitchen
Nektar.ai Singapore $6,000,000 Seed B Capital Group, 3One4, Nexus Venture Partners Ecommerce
MadEats Philippines $125,000 Y Combinator Cloud Kitchen
Flying Cape Singapore $1,500,000 Series A Startup-O, EduSpaze Edtech
Phenikaa MaaS Vietnam $1,500,000 Seed Pheenika Group SaaS
Morning Singapore $1,270,000 Pre-Series A zVentures Foodtech
Ayoconnect Indonesia $5,000,000 Pre-Series B AAVCF4 PF1 LP Fintech
FlowAccount Thailand $4,000,000 Series A Sequoia Capital India Money Forward, SBI Investment SaaS
Ohmyhome Singapore $5,000,000 Series A+ Swettenham Blue Proptech