Malaysian proptech startup LiveIn raises US$8.3 million for regional expansion
PHOTO: LIM YAOHUI, ST
MALAYSIA-BASED long-stay rental platform LiveIn has raised US$8.3 million in a funding round led by existing investor Wavemaker Partners and new investor InterVest, a Korea-based venture capital firm.
Other investors include Malaysia Debt Ventures, Jungle Ventures and CAC Capital, the platform said on Wednesday (Dec 27).
The funds will go towards expanding LiveIn’s operations in Thailand, as well as two new markets – Vietnam and Indonesia. The company will grow its portfolio of properties and hire more staff in those countries.
This is LiveIn’s third funding round since it raised nearly US$3 million in a series A round in 2019, according to data platform Alternatives.pe, at a post-money valuation of US$8.6 million.
In 2020, it raised US$1.4 million at a valuation of US$12.7 million. Earlier this year, it bagged another US$3.7 million at a valuation of US$26.4 million.
Jungle Ventures and CAC Capital were among those that invested in earlier rounds.