Total amount raised
$105.5 Millions
Latest funding date
07/01/2023
Location
Pinhome has successfully raised funds through multiple rounds, including a recent debt financing round in July 2023. The platform is a comprehensive property transaction and real estate fintech service, aiming to make property and home financing more accessible.
With a diverse range of services from property listings to home services, Pinhome continues to attract significant investor interest, including backing from Genesis Alternative Ventures and Endeavor Indonesia. Keep reading to explore the intricacies of Pinhome's fundraising journey and the investors supporting this innovative platform.
What Is Pinhome?
Pinhome, founded in 2020, is a dynamic player in the real estate and fintech sectors. Headquartered in Jakarta, Indonesia, the company was established by Ahmed Aljunied and Dayu Dara Permata. With a workforce of 251-500 employees, Pinhome aims to streamline property transactions and home financing.
The platform offers a comprehensive suite of services, including property listings, financial services, and home maintenance. By leveraging technology, Pinhome addresses challenges in property transactions, making the process more accessible and efficient for users across Indonesia.
How Much Funding Has Pinhome Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial platform.
- Series A
- Amount Raised: $25.5M
- Date: July 2021
- Lead Investors: Ribbit Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform and increase market reach.
- Debt Financing
- Amount Raised: $25M
- Date: February 2022
- Lead Investors: Helicap
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and further platform development.
- Series B
- Amount Raised: $50M
- Date: April 2022
- Lead Investors: Goodwater Capital
- Valuation at Round: $225M
- Motivation Behind the Round: To enhance the property transaction application and expand lifestyle services.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- 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: $5M
- Date: July 2023
- Lead Investors: Genesis Alternative Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To sustain growth and manage operational expenses.
Total Amount Raised: $105.5M. Current Valuation: $225M.
Key Investors
- Genesis Alternative Ventures
- Details: Genesis Alternative Ventures is a private debt investment firm based in Singapore. They focus on providing growth capital to high-growth companies in Southeast Asia.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Not publicly disclosed.
- Goodwater Capital
- Details: Goodwater Capital is a venture capital firm that invests in consumer technology companies. They aim to support entrepreneurs who are building innovative products and services.
- Investment Focus Areas: Consumer technology, fintech, healthtech.
- Notable Investments: Facebook, Twitter, Kakao.
- Ribbit Capital
- Details: Ribbit Capital is a venture capital firm that focuses on financial technology companies. They invest in businesses that are transforming the financial services industry.
- Investment Focus Areas: Fintech, insurance, cryptocurrency.
- Notable Investments: Coinbase, Robinhood, Credit Karma.
- Helicap
- Details: Helicap is a fintech investment platform based in Singapore. They specialize in providing alternative lending solutions to underserved markets in Southeast Asia.
- Investment Focus Areas: Fintech, alternative lending, SME financing.
- Notable Investments: Not publicly disclosed.
- Intudo Ventures
- Details: Intudo Ventures is a venture capital firm that invests in early-stage Indonesian companies. They focus on supporting local entrepreneurs and fostering innovation in Indonesia.
- Investment Focus Areas: Early-stage startups, technology, consumer.
- Notable Investments: Kargo, Halodoc, TaniHub.
What's Next for Pinhome?
Pinhome stands at the cusp of significant growth opportunities, driven by its comprehensive property transaction application and expanding lifestyle services. With a recent $50 million Series B funding round, the company is well-positioned to enhance its platform and broaden its market reach. The Indonesian property market, coupled with increasing investment in proptech, presents a fertile ground for Pinhome's continued expansion.
Future fundraising opportunities appear promising as Pinhome continues to attract interest from international investors. The company's ability to secure substantial funding indicates a strong potential for further investment rounds, which could fuel additional growth and innovation. However, challenges such as competition from other proptech firms and navigating regulatory landscapes remain. Ensuring the quality and reliability of their services will be crucial as they scale.
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