Vietnam: Homebase, a Vietnamese prop-tech startup providing home-ownership and financing solutions, announced today it has closed a “seven-figure US Dollars” pre-Series A round.
Investors in the oversubscribed round include Vietnam’s VinaCapital Ventures, Silicon Valley-based venture fund Class 5 Global, Pegasus Technology Ventures, 1982 Ventures, and Antler.
The company said in a statement that the fresh funds will be utilized to further develop its proprietary technology and launch additional financing solutions as it seeks to expand regionally.
Homebase utilizes technology to offer home-buyers and investors across Vietnam and Southeast Asia customized financing options for their properties.
“In the wake of the COVID-19 global pandemic, we have seen a significant increase in demand for our homeownership solutions,” said Co-founder and COO Phillip An.
The pandemic has revealed a need for alternatives to the traditional modes of renting and buying, as consumers demand more flexibility while seeking to build equity in assets uncorrelated to their primary means of employment.