Singapore’s Ohmyhome raises $2.9m in Series A led by Golden Equator Capital

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

by Kristie Neo, published in Deal Street Asia

Singapore-based online property marketplace Ohmyhome has raised $2.92 million (S$4 million) in a Series A funding led by Golden Equator Capital. Other investors for this round family offices and individuals.

According to an official release, the proceeds will be used to strengthen its Singapore base and expand into Southeast Asia. Founded in 2014, Ohmyhome is an online platform targeting the property market.

It facilitates DIY transactions, fixed rate agent services, on-demand and mortgage and legal services, and aims to make these simpler, faster and more affordable. Ohmyhome is able to shorten the average selling time of a property in Singapore to 33 days. The current market average is 120 days.

Race Wong, COO and Co-Founder of Ohmyhome said, “We saw a gap in the real estate market where transactions are carried out in a traditional manner. The lack of expertise, information, and quality services opened opportunities for us to increase efficiency, save costs and execute transactions more easily. That was why we founded Ohmyhome to create a one-stop solution to make housing transactions simpler, faster, and affordable for all home owners and home seekers.”

As of September 2018, Ohmyhome has facilitated the transactions of more than 2,000 homes, comprising a combined value of over $620.82 million (S$850 million).


Related posts:

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Contact us your way

Talk to us today. Available daily 9 AM to 9 PM (GMT +8)

Subscribe Now

Get a notification every time we upload a new blog post.

SHARE WITH YOUR FRIENDS!

Share on facebook
Share on twitter
Share on whatsapp
Share on email

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Featured Blogs

Highlighting unique property views for every Singaporean

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Prefer to do-it-yourself?

Check out how our platform can help

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Ohmyhome E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

OHMYHOME E-VALUATION