REAPRA Business Builder has invested $300,000 in real estate technology firm FindYourSpace to help the startup expand into Southeast Asia, starting in Thailand, and to enhance its technology.
FindYourSpace, a technology firm which provides an end to end solution for real-estate agents and brokers, will scale its operation, and build its sales, marketing and customer success teams, to further grow its business in Thailand, according to an announcement on Monday.
The company also provides products for media companies allowing them to add an additional content source and revenue stream, through a home section powered through the platform.
The company has been hiring professionals who have had work exposure in this field with renowned companies. The team is already working on strategic partnerships with regional players to fuel its expansion.
Having launched as a consumer portal in early 2015, FindYourSpace Pro, the technology platform for real-estate professionals, was relaunched in February 2016.
The growth and activity in the real estate sector of Southeast Asia are poised to accelerate in the coming years. “The market is currently underserved, and software platforms such as FindYourSpace are providing a unique value that focuses on improving the efficiency of real estate professionals,” said CEO of REAPRA, Shuhei Morofuji.
In addition to expanding the business, the investment funds will also be used to help in R&D to further develop the software and improve its current products offered to the real estate professionals.