Singapore: Terra Capital has made a seed investment into Singapore-headquartered online property rental marketplace Flat Monthly.
Flat Monthly is an online platform for landlords, agents, and tenants that expedites listing, searching, and transacting agreements for the rental of condominiums and apartments.
The site automates routine tasks and offers features including 3D photography, virtual reality tours, digital signing and online rental payment. Terra Capital’s investment in Flat Monthly will be used for immersive content.
Terra Capital CEO Stefan Gunnarsson said: “We are delighted to add Flat Monthly to our invested companies. Flat Monthly’s growth trajectory is leading it to establish a large footprint across Southeast Asia. I fully believe Flat Monthly will become the Expedia of the high growth sector of long-term rental space. Flat Monthly’s disruptive solution and experienced core team are strongly positioned to become the next winner in the property tech space.”
Over the past three years, Terra Capital has invested US$2 million in 11 startups in pre-seed, early stage rounds, with the aim of investing $5 million within the next year.
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