Filtered By: Money
Money

ZipMatch raises $2.5M to expand PHL and Southeast Asia operations


Real estate marketplace ZipMatch has raised $2.5 million from selling shares to a Singapore-based venture capital firm and existing investors to expand further in the Philippines and in Southeast Asia.
 
In an e-mailed statement, ZipMatch said it closed a $2.5 million Series A round with Singaporean Monk’s Hill Ventures and existing investor 500 Startups.
 
This is one of Monk's Hill's first investments as a firm, and the first in the Philippines.
 
Kuo-Yi Lim of Monk’s Hill Ventures will join the ZipMatch board following the investment.
 
ZipMatch said it will use the proceeds to recruit more talent and experts in real estate, computer programming, content creation, product development, and customer service.
 
The company's business revolves around a process that leads prospective homebuyers into making confident decisions when buying their homes.
 
Among the growth areas is Philippine real estate, given its growing economy.
 
Last year, the Philippine gross domestic product grew by 6.1 percent, maintaining its position as the second fastest growing economy in Asia next to China. 
 
“Having updated, reliable data in an online real estate marketplace is a big challenge, and I think we have made strides by putting out a product that is unique,” ZipMatch chief revenue officer and co-founder Chow Paredes said.
 
Unlike other platforms that focus mainly on classifieds, ZipMatch claimed it presents an array of services that eliminates most of the online research and physical work done when searching for a property.
 
The startup collects and curates pertinent information about a property, which is accessible by homebuyers in a single, interactive page.
 
ZipMatch is led by Paredes and co-founders John Dang as CEO and Kyle Wiltshire as chief technology officer.
 
So far, the team has raised more than $3.5 million, with investments also from Hatchd Digital, Ideaspace Foundation, and IMJ Investment Partners. – Danessa O. Rivera/GMA News
LOADING CONTENT