Houze Group is planning to raise funds

That is the assertion of Mr. Pham Lam – Founder & Chief Executive of Houze Ecosystem at Houze Day Real Estate Technology Forum 2021.

Mr. Pham Lam speaks at Houze Day 2021. Cong Sang

Houze Group has been in contact with investment funds in Southeast Asia and Asia and is still in the negotiation round. According to Mr. Pham Lam, he is looking for investment funds with a vision that developing the market together, not just profits.

“The Vietnamese market has many differences, the parties must share difficulties and understand to reap the results,” Mr. Lam said.

Houze Group, founded in 2018, is a real estate technology (proptech) company providing technology platforms in various fields such as real estate brokerage service platform – Houze Agent, Multi-usage platform for residential communities – Houze Commerce, 

Recently, the Company launched a shared housing investment service – Houze Invest with a flexible investment from modest capital amount of at least 1 million VND. After the trial period, more than 350 investors participated with a total investment value of 7.5 billion VND.

Mr. Pham Lam, as CEO of DKRA, a reputable real estate brokerage, has been a participant since the early days of Houze Group because he believes that like in many other fields, real estate buyers and sellers are increasingly want to experience better and save more time.

The co-founder of Houze Group is a familiar name to startups in Vietnam, Mr. Le Hoang Nhat, who is known for his AMI accommodation management application. Funds investing in proptech in Vietnam since the beginning of 2021 have raised more than 40 million USD, the highest in the last three years through three acquisitions: Homebase ($30 million), Rever (more than $10 million), and Citics (more than $2 million).

The epidemic affecting traditional trading models is the cause of promoting capital into proptech in recent years. Not only technology companies, even traditional real estate units begin to announce their participation in this market, in addition to DKRA, but there was also Hung Thinh, Dat Xanh Group…


Huy Vu

Source: Nhịp Cầu Đầu Tư