Total amount raised
$81.1 Million
Latest funding date
5/1/2023
Location
99.co has successfully raised funding over 9 rounds, with the latest being a Non-equity Assistance round. The platform is backed by 17 investors, including Endeavor Indonesia and Gaw Capital Partners.
Keep reading to explore the intricacies of 99.co's fundraising journey and the investors backing this innovative property search engine.
What Is 99.co?
99.co is a prominent property search engine based in Singapore, operating within the Internet, PropTech, Real Estate, Real Estate Investment, and Search Engine industries. Founded in 2014, the company has grown to employ between 251-500 people.
With a focus on providing a fast and efficient property search experience, 99.co caters to renters, buyers, and agents. The platform offers a comprehensive range of services, including property listings, market insights, and various tools for property seekers and agents.
How Much Funding Has 99.co Raised?
- Seed Round
- Amount Raised: USD 560,000
- Date: May 2014
- Lead Investors: 500 Global, East Ventures, Pegasus Tech Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development and launch of the platform.
- Seed Round
- Amount Raised: USD 1,600,000
- Date: January 2015
- Lead Investors: Eduardo Saverin, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and market reach.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance user experience.
- Series A
- Amount Raised: USD 7,900,000
- Date: April 2017
- Lead Investors: Eduardo Saverin, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enter new markets.
- Series B
- Amount Raised: USD 15,000,000
- Date: August 2019
- Lead Investors: 500 Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand the team.
- Series C
- Amount Raised: USD 8,000,000
- Date: October 2019
- Lead Investors: REA Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market position and improve platform capabilities.
- Series C
- Amount Raised: USD 37,000,000
- Date: July 2022
- Lead Investors: Gaw Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support regional expansion and technological advancements.
- Series C
- Amount Raised: USD 11,000,000
- Date: March 2023
- Lead Investors: Gaw Capital Partners, OCBC Ventura
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand operations in Singapore and Indonesia.
- Non-equity Assistance
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources for growth.
Total Amount Raised: USD 81,060,000. Current Valuation: Not publicly disclosed.
Key Investors
- Gaw Capital Partners
- Details: Gaw Capital Partners is a private equity fund management company that focuses on real estate markets globally. They have been involved in various high-profile real estate projects.
- Investment Focus Areas: Real estate, commercial properties, mixed-use developments
- Notable Investments: High-profile real estate projects globally, commercial properties, mixed-use developments
- OCBC NISP Ventures
- Details: OCBC NISP Ventures is the venture capital arm of OCBC NISP, a financial services group. They focus on investing in innovative startups and companies.
- Investment Focus Areas: Financial services, real estate, innovative startups
- Notable Investments: Innovative startups, growth-stage companies, financial services
- 500 Global
- Details: 500 Global is a venture capital firm that invests in early-stage companies. They have a global presence and focus on technology-driven startups.
- Investment Focus Areas: Technology, early-stage startups, innovation
- Notable Investments: Canva, Credit Karma, Grab
- Eduardo Saverin
- Details: Eduardo Saverin is a co-founder of Facebook and an active investor in technology startups. He has a keen interest in innovative and disruptive technologies.
- Investment Focus Areas: Technology, innovation, disruptive startups
- Notable Investments: Facebook, Jumio, ShopBack
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in early to growth-stage companies. They focus on sectors with high growth potential.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Byju's, OYO Rooms, Swiggy
What's Next for 99.co?
99.co stands at the cusp of significant growth opportunities in the Southeast Asian real estate market. With the recent $11 million extension of its Series C funding round, the company is well-positioned to enhance its platform and services, leveraging the growing interest in real estate technology and the region's expanding market.
Future fundraising opportunities appear promising, as investor confidence remains high. The successful Series C extension suggests that 99.co may continue to attract investment to support further expansion and technological advancements. However, the company must navigate challenges such as competition from other real estate platforms, regulatory hurdles, and market volatility.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like 99.co and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
