PropertyScout, a Thailand-based PropTech startup, closed its US$ 5m Series A financing.
The round, which brought total funding to US$ 7.8m, was led by Altara Ventures with participation from Partech and many returning investors, among them Hustle Fund, AngelCentral, Asymmetry VC, and Dr. Carsten Rahlfs (Partner, Waterland Private Equity).
The company intends to use the funds to scale its core business model in its first market Thailand by doubling down on investments into its technology platform, growing domestically organically and through acquisitions, and preparing entry into additional markets in Southeast Asia.
Founded in 2020 by Mario Peng (CEO), Dr. Marco Barth (COO) and Salita Kamnerdsiri (CSO), PropertyScout is an end-to-end real estate transaction platform connecting over 1,800 agents and agencies with buyers, renters and owners, servicing thousands of customers every month. PropertyScout leverages its database of more than 200,000 properties, its technology platform and its centralized operations to digitize and automate 90% of the real estate transaction.