Thailand-based proptech startup ZmyHome has secured around $1 million in pre-Series A funding round led by led by South Korean VC firm BonAngels Venture Partners, local media reported.
Other investors that participated in the funding round for ZmyHome include existing investors such as KK Fund a group of other Thai angel investors.
According to ZmyHome, the newly-raised capital will be used to enhance Zmyhome’s platform, improve its agent service, and bump up its user growth capabilities.
The startup helps sellers offer their properties directly to buyers in a neighborhood. According to ZmyHome, its platform allows users to sell their properties online within a month of listing.
The company also provides advisory services such as location and project assessment, pricing evaluation, legal processes, and loans.
ZmyHome chief executive Natthapon Asswisesssiwakul told the media, “Buyers are then able to call back, negotiate or send feedback to the owners. This is the most effective way for sellers to sell their houses. If the system is complete and the platform comprises a majority of all listings, this will be a tool that sellers cannot refuse. Sellers always want to make sure they are accessible to all buyers, to guarantee the best prices they can get from the market.”
He further revealed that although real estate businesses and startups around the world right now are severely affected by the outbreak of the Covid-19 virus, ZmyHome continues to see traffic increase 30 percent every month as users spent more time online.
Established in 2016, ZmyHome attracts 1.2 million visits per month, with over 25,000 listings sold or rented.