Total amount raised
$105.5 Million
Latest funding date
07/01/2023
Location
Pinhome has successfully raised funds through six different funding rounds, with the latest being a debt financing round. The platform is a comprehensive property transaction and real estate fintech service, aiming to make property and home financing more accessible.
With backing from twelve investors, including Genesis Alternative Ventures and Endeavor Indonesia, Pinhome continues to grow in the FinTech, Property Management, and Real Estate sectors. Keep reading to explore the intricacies of Pinhome's fundraising journey and the investors supporting this innovative platform.
What Is Pinhome?
Pinhome, founded in Jakarta, Indonesia, operates within the FinTech, Property Management, and Real Estate industries. The company employs between 251 and 500 people and focuses on making property and home financing more accessible.
As a comprehensive platform, Pinhome facilitates property transactions, including buying, selling, and renting properties. It also offers mortgage applications, home services, and property valuation, aiming to streamline the property transaction process through technology.
How Much Funding Has Pinhome Raised?
- Seed Round
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial product offerings.
- Series A
- Amount Raised: USD 25,500,000
- Date: July 2021
- Lead Investors: Ribbit Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Debt Financing
- Amount Raised: USD 25,000,000
- Date: February 2022
- Lead Investors: Helicap
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and scale the business.
- Series B
- Amount Raised: USD 50,000,000
- Date: April 2022
- Lead Investors: Goodwater Capital
- Valuation at Round: USD 225,000,000
- Motivation Behind the Round: To support growth and expand services in the lifestyle sector.
- Non-Equity Assistance
- Date: October 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources without diluting equity.
- Debt Financing
- Amount Raised: USD 5,000,000
- Date: July 2023
- Lead Investors: Genesis Alternative Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance financial stability.
Total Amount Raised: USD 105,500,000. Current Valuation: USD 225,000,000.
Key Investors
- Genesis Alternative Ventures
- Details: Genesis Alternative Ventures is a venture debt firm that provides financing solutions to high-growth companies in Southeast Asia. They have participated in multiple debt financing rounds for Pinhome.
- Investment Focus Areas: Technology, FinTech, Consumer Goods
- Notable Investments: Not publicly disclosed
- Goodwater Capital
- Details: Goodwater Capital is a venture capital firm that focuses on consumer technology companies. They led Pinhome's Series B funding round.
- Investment Focus Areas: Consumer Technology, FinTech, HealthTech
- Notable Investments: Facebook, Spotify, Twitter
- Helicap
- Details: Helicap is a Singapore-based fintech firm that provides alternative lending solutions. They were the lead investor in Pinhome's debt financing round in February 2022.
- Investment Focus Areas: FinTech, Alternative Lending, SME Financing
- Notable Investments: Not publicly disclosed
- Ribbit Capital
- Details: Ribbit Capital is a global venture capital firm that invests in early-stage companies in the financial services sector. They led Pinhome's Series A funding round.
- Investment Focus Areas: FinTech, InsurTech, RegTech
- Notable Investments: Coinbase, Robinhood, Credit Karma
- Endeavor Indonesia
- Details: Endeavor Indonesia is part of the global Endeavor network, which supports high-impact entrepreneurs. They are one of the investors in Pinhome.
- Investment Focus Areas: Entrepreneurship, Technology, Social Impact
- Notable Investments: Not publicly disclosed
What's Next for Pinhome?
Pinhome's future looks promising as it continues to expand its services and market reach. The company is leveraging its recent $50 million Series B funding to enhance its technology platform and broaden its offerings, including the PinHome Home Service (PHS) which provides lifestyle services like home cleaning and car washes. This expansion into lifestyle services represents a significant growth opportunity, potentially attracting a wider customer base and increasing revenue streams.
Future fundraising opportunities appear bright, with the potential for additional investment rounds to support further expansion and innovation. Pinhome's strong valuation and successful funding history make it an attractive candidate for investors. However, the company may face challenges such as competition from other proptech firms and regulatory hurdles in different markets. Maintaining service quality and customer satisfaction will be crucial as they scale their operations.
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