29 Jan '15, 9am

Facebook co-founder and Sequoia invests in Singapore property site

Facebook co-founder and Sequoia invests in Singapore property site

99.co , a Singapore property site that is taking regional mainstays PropertyGuru and iProperty head-on, announced at its official launch that it has received an investment from Facebook co-founder Eduardo Saverin and leading venture capital firm Sequoia Capital, bringing its total investment to S$2.7 million (US$2 million). It last raised a round in May of last year, getting US$560,000 from Fenox Venture Capital, 500 Startups, Golden Gate Ventures, and East Ventures (disclosure: East Ventures is a Tech in Asia investor). It did a soft launch in November 2014, and since then doubled its traffic. The startup did not reveal raw numbers. 99.co differentiates itself from the market by promising a pure search experience untouched by paid classifieds, which is what competitors are doing. PropertyGuru’s counterpoint however was that its listings are not just ranked according to ho...

Full article: https://www.techinasia.com/facebook-cofounder-sequoia-inv...

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