July 13

Indonesian Proptech Platform Tanaku Raises $5.5 Million Pre-Seed Funding Led by East Ventures

Tanaku, an Indonesia based proptech startup, said Tuesday it has raised $5.5 million of pre-seed funding led by East Ventures.

The round included equity and debt capital from an International Bank, Tanaku said in a statement.

It also said the fresh capital will accelerate Tanaku’s mission to make home ownership accessible and radically transform the home buying experience, with the current focus on building the product, expanding the team, acquiring homes, and executing the go-to -market strategy.

“We are ecstatic that East Ventures invested in our vision to bridge the homeownership gap and drive financial inclusivity in Indonesia. We are happy to partner with East Ventures due to strong cultural ties to Indonesia, deep rooted knowledge of the local tech landscape, while having the scale to support our ambitions,” said Jonathan Ma, Co-Founder and Chief Executive Officer of Tanaku.

Photo courtesy of dany13 via Flickr.

Source: TechNode Global (link opens in a new window)

financial inclusion, housing, startups