Kabina, a property and construction startup, raised seed funding led by East Ventures

Kabina, a property and construction startup in Indonesia, today announced the completion of its seed funding round led by East Ventures, with the participation from several notable angel investors, including Sandra Dewi. Sandra Dewi will also become Kabina’s brand ambassador. Kabina will allocate the fresh funds mainly for product development and team expansion, as well as invest in the equipment and solutions that contribute towards more responsible and sustainable operations in the industry.

The silver lining in the proptech sector

We recently announced two new portfolio investments in property technology (Proptech) startups: AMODA – a prefabricated construction company; and Tanaku – a rent-to-own property tech company. Both startups are operating and localizing their solutions to serve Indonesia-specific markets. Their recent funding rounds are seed and pre-seed, both led by East Ventures.

Indonesia’s Property Technology (Proptech) Startup Scene: What You Need to Know

Indonesia’s Property Technology (Proptech) Startup Scene: What You Need to Know 30 July 2019 Property is the largest asset class in the world—it's worth more than all stocks and bonds combined. In large markets like the United States, the property industry contributes US$3.5 trillion to the GDP, of which $836 billion is construction spend. About US$1.3 trillion worth of existing homes transact every year in the US residential property market, and these deals generate about US$66 billion in commissions for property brokers. However, real estate was one of the last sectors to adopt technology. Property [...]