Singapore-based proptech firm Ohmyhome has raised US$5 million (S$6.8 million) in an extended Series A round led by Swettenham Blue. This bring the startup’s valuation to hit US$45 million (S$60.8 million).
The five-year-old startup offers property services, such as search, self listing, agent service, mortgage, conveyancing, renovation, and moving services. It also facilitates cross-border buying and selling of properties across its three markets.
Data from VentureCap Insights shows that Ohmyhome’s share price rose from US$112.14 in the Series A round, to US$218.72 in the latest raise. Swettenham Blue is the family office of the Tay family, the backers of OG department stores.
Ohmyhome will use the fresh funds to enhance its data-matching technology in Singapore, Malaysia and the Philippines. It has plans to raise a Series B round next year.
Ohmyhome’s CEO Rhonda Wong said: “Our core mission is to help our customers transact as hassle-free as possible, at the best price. We have stayed true to our mission and we look forward to greater enhancement in our technology to further speed up the pace of transactions.”
Last year, Ohmyhome expanded to the Philippines, in response to demand from Filipinos working abroad wanting to purchase properties in their home country.
Startup feature stories is a key content pillar for Vulcan Post. You can follow our coverage on startups here.
From 1 July 2021, Vulcan Post’s premium articles will be hidden behind a paywall. Subscribers will be able to enjoy exclusive articles with a deeper level of coverage and insight on verticals that include government technology, electric vehicles, cryptocurrency and e-commerce. You can check out our premium articles here and subscribe to us here.
Featured Image Credit: HNWorth