Malaysia-based LiveIn to widen SEA footprint with $8.3m pre-series B

A housing development in Seri Tanjung Pinang / Photo credit: Shutterstock

LiveIn, a proptech firm headquartered in Malaysia, has raised US$8.3 million in its pre-series B funding round led by Wavemaker Partners and InterVest. Malaysia Debt Ventures (MDV), Jungle Ventures, and CAC Capital also participated.

Currently operating in Malaysia and Thailand, LiveIn plans to use the new funds to enter new markets, including Vietnam and Indonesia, by 2024. The company also aims to expand to the Philippines and into new urban areas, and introduce new service features on its platform. 

Formerly known as Hostel Hunting, LiveIn pivoted from a marketplace for property owners to a long-stay rental solutions provider in 2018. With its 120-strong workforce, LiveIn said it’s on track to onboard 10,000 rooms onto its platform.

“We are witnessing a massive surge in demand for affordable long-stay rentals, with young people seeking more autonomy and quality living spaces,” LiveIn co-founder and CEO Keek Wen Khai said in a statement. 

In May, LiveIn acquired Malaysian firm KT Management, strengthening its presence in the country’s accommodation rental market.

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