Malaysia’s proptech startup NEXPlatform raises $189K from Cradle Fund

Published 22 February, 2019

NEXPlatform co-founder Alvin Chooi (second from left) and Cradle Fund chief investment officer Juliana Jan (second from right).

Malaysia-based proptech startup NEXPlatform has raised RM775,000 ($189,000) from Cradle Fund via its Direct Equity 800 (DEQ800) investment programme, it said in a statement on Friday.

The startup will use the fresh capital to upgrade its platform and service, and for team and market expansion.

This is the first external funding for NEXPlatform, which brings together property developers, real estate agents, solicitors and bankers on a common digital platform to facilitate the property lifecycle from pre-sales to after-sales services.

“Currently, there are more than hundreds of property projects listed on our platform, which including the reputable and big scale developers in Malaysia. Also, there are over 5,000 users with at least 30,000 property transactions have been carried out through our solution to date,” said NEXPlatform co-founder Alvin Chooi.

Source from Deal Street Asia