Thai property portal ZmyHome raises $400k from KK Fund

Image from ZmyHome facebook.

ZmyHome, a Thai real estate portal, has raised $400,000 in seed funding from Singapore-based venture capital firm KK Fund to improve its technology platform and expand its user base in the country.

Natthapon Asswisessiwakul, Founder and CEO of ZmyHome, said the portal has grown around 18 per cent per month since its launch two years ago and has seen more than 10,000 sale or rent listings on the portal.

ZmyHome allows only property developers and homeowners to post their properties on the portal so that buyers can get the best prices. The platform supports developers and homeowners to sell faster by offering market data and advertising tools directly to potential buyers.

“We invested in ZmyHome because it is an improving real estate platform,” Koichi Saito, founder and general partner of KK Fund, said. “In all developed countries, a reliable platform is necessary to increase market liquidity. In countries like Australia, USA or UK, homeowners take only 1-3 months on average to sell their houses. That’s why ZmyHome is dedicated to making sure their platform is clean; it does not have duplicate, outdated or faked listings – this is of paramount importance for buyers to study supply and prices.”

With the latest funding, the company will expand the platform to cover other types of users, including banks and foreign owners. It also plans to develop a price suggestion system, an advertising tool to ensure all sellers are able to sell their property within three months.

KK Fund joined a $1.65-million Series A round in Thai logistics marketplace startup Giztix last November, and had earlier invested in Event Pop, a Bangkok-based end-to-end event management platform.

Also Read:

Thailand: InVent leads series A round in event management platform

Thai logistics startup GIZTIX secures $1.65m Series A to speed up growth

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.