ZipMatch eyes Southeast Asia expansion with $2.5M fresh funds

Real estate marketplace ZipMatch recently closed a US$2.5 million series A round for its expansion across the Philippines and Southeast Asia. It will also use the money to develop more products for homebuyers and brokers.

The round was led by Singapore-based venture capital firm Monk’s Hill Ventures. Existing investor 500 Startups also participated.

In an interview about the investment, Kuo-Yi Lim of Monk’s Hill Ventures said, “the team members bring different facets of real estate and internet expertise to the table. They are biased towards action, so we are confident that this team will be able to execute quickly and take advantage of the opportunity not only in the Philippines, but in the broader Southeast Asia region and beyond.”

This is one of Monk Hill’s first investments as a firm, and its first ever in the Philippines. Lim will join the ZipMatch board following the investment. Monk’s Hill Ventures is also led by managing director Peng T. Ong and partner Stefan Jung.

A ‘smarter’ homebuying experience


ZipMatch says it will use the fresh capital to recruit more talent and experts in real estate, computer programming, content creation, product development, and customer service.

The startup will also continue its work on creating tools to improve the homebuying experience.

ZipMatch says it offers a “smarter” process that helps consumers make confident decisions when buying their homes.

Unlike other platforms that focus mainly on classifieds, ZipMatch eliminates most of the online research and physical work done when searching for property. For one, the startup has been collecting and curating pertinent information about properties and this information is accessible in a single, interactive page. The information includes overviews, available listings and photos, virtual tours, property scouting, and user reviews.

For brokers, the company offers tools and programs such as a customer relationship management software to help them find prospective buyers and serve clients more efficiently.

The funding is supposed to help ZipMatch scale its processes to capture more markets in Southeast Asia.

Led by founders Chow Paredes and John Dang, ZipMatch has raised more than US$3.5 million in investments to date.

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