Homebase, a Ho Chi Minh City-based proptech startup that helps people buy homes, announced today it has raised $30 million in equity and debt (the ratio was undisclosed). The company’s business model is similar to Divvy Homes and ZeroDown in the United States and, in fact, Divvy Homes co-founder and former CEO Brian Ma and Zerodown chief operating officer Troy Steckenrider III are investors in Homebase.
Participants in this round were Y Combinator (Homebase took part in the accelerator program earlier this year), Partech Partners, Goodwater Capital, Ace and Company, Emies Advisors and Foundamental. It also included Y Combinator CEO Michael Seibel, and operators and executives from companies like SoFi, Opendoor, Republic, Microsoft, Instacart, Abu Dhabi Investment Authority, Binance and others.
The startup’s existing investors include Ma, Steckenrider, VinaCapital Ventures, and Darius Cheung, the founder and CEO of 99.co, one of the largest property portals in Singapore and Indonesia.
Homebase works by acting as a co-investor, buying property with client …
