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Nur Atifi · · 1 min readIn brief: Malaysia proptech startup grabs equity funding from Cradle Fund
Malaysia-based proptech startup NexPlatform has raised RM 775,000 (US$190,000) through Cradle Fund’s Direct Equity 800 investment program. This is the startup’s first round of fundraising since its establishment in 2016.
Source: Cradle Fund
NexPlatform plans to use the new capital to upgrade its platform and services, strengthen its market position as a “centralized real estate platform,” and increase its headcount.
The startup offers property developers, agencies, solicitors, and banks a range of back-end marketing and sales solutions. It claims to support 5,000 users, completing close to 30,000 property transactions on its platform.
Currency converted from Malaysian ringgit. Rate: US$1 = RM 4.08
Editing by Charmaine de Lazo
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