Singapore-based technology company Ohmyhome has raised $ 5 million ($ 6.8 million) in an extended round of the A-series led by Swettenham Blue. This will bring the startup’s valuation to US $ 45 million (US $ 60.8 million).
The five-year-old startup offers real estate services such as searches, auto quotes, agent services, mortgages, assignments, renovations and moving services. It also facilitates cross-border buying and selling of properties in its three markets.
VentureCap Insights data shows that the price of Ohmyhome shares rose from US $ 112.14 in the Series A round to US $ 218.72 in the last rise. Swettenham Blue is the family office of the Tay family, sponsor of the OG department store.
Ohmyhome will use the new funds to improve its data matching technology in Singapore, Malaysia and the Philippines. He plans to raise a Series B round next year.
Rhonda Wong, CEO of Ohmyhome, said: “Our main mission is to help our customers transact as easily as possible at the best price. We have remained true to our mission and look forward to further improvement in our technology to further accelerate the pace of transactions “.
Last year, Ohmyhome expanded into the Philippines, in response to demand from Filipinos who worked abroad and wanted to buy property in their home country.
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Featured Image Credit: HNWorth