Proptech

99 Group snaps up another $11M

March 16, 2023
99 Group

Send some love to 99 Group today! This Singapore-based proptech startup just raised $11M.

They announced they raised $37M in the first close of their Series C in 2022, and they planned to raise $15M more as part of the round to raise $52M in total.

  • FYI. As of now, we're still checking in on whether the $11M is part of the planned $52M Series C or if this is an additional amount on top of that.

Investor check. Indonesia's OCBC NISP Ventura and existing investor Gaw Capital Partners co-led the round!

🏠 Props to them

On the hunt for your dream home? Just moved and looking to rent a new place? They know it's a tough decision (and process) and have your back!

How they set themselves apart. They've got price analysis data, finance planners, smart filtering, the ability to search by map (or even commute time) and a super simple process and design!

  • It's more than just having the best properties on their platform! It's about making it simple for anyone to find their dream home fast on a platform they trust.

🗞️ In the news

Last September, they were said to be exploring an acquisition of Vietnam's Propzy — which later shut down. No news on whether the acquisition was a go, though!

💥 What's next?

The new $$$ is to accelerate growth and expansion, consolidate their team, level up their tech and implement strategic partnerships and acquisitions!

  • In their initial Series C announcement in 2022, they also mentioned investing in existing markets, Singapore and Indonesia, continuing innovation and R&D and expanding across SEA!

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