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December 29, 2023

LiveIn Secures $8.3M Expanding Horizons in Southeast Asia's Long-Stay Rental

Malaysia's LiveIn long-stay rental platform has orchestrated a financial masterpiece, raising a staggering $8.3 million

In a strategic move to redefine the landscape of long-stay rentals, Malaysia-based platform LiveIn has orchestrated an $8.3 million funding coup, showcasing a compelling journey of growth and resilience. As the curtain rises on this funding spectacle, existing investor Wavemaker Partners takes center stage alongside new investor InterVest, a dynamic venture capital firm based in Korea. Join us as we unravel the tale of LiveIn's ambitions and the infusion of funds propelling its expansion into Thailand, Vietnam, and Indonesia.

LiveIn's triumphant funding round, led by Wavemaker Partners and InterVest, paints a vivid picture of strategic expansion. The $8.3 million influx, coupled with the support of investors like Malaysia Debt Ventures, Jungle Ventures, and CAC Capital, will fuel LiveIn's foray into untapped markets. Thailand stands to benefit from enhanced operations, while the spotlight shifts to the promising landscapes of Vietnam and Indonesia. The company's growth trajectory extends beyond geographical borders, with plans to enrich its property portfolio and bolster its teams in these newfound territories.

LiveIn's journey, marked by resilience and vision, unfolds across multiple funding milestones. From its series A round in 2019, where it secured nearly $3 million at a post-money valuation of $8.6 million, to subsequent rounds in 2020 and earlier this year, LiveIn has consistently attracted investments. Jungle Ventures and CAC Capital, staunch supporters from earlier rounds, underscore the platform's allure.

Keek Wen Khai, LiveIn's Co-founder and CEO, shines a light on the zeitgeist driving the long-stay rental surge. "We are witnessing a massive surge in demand for affordable long-stay rentals, with young people seeking more autonomy and quality living spaces," notes Keek Wen Khai. LiveIn's platform, a haven for long-term rental seekers in Malaysia and Thailand, aligns seamlessly with this burgeoning demand.

As LiveIn charts its path forward, Simon Baek, Director at InterVest, commends the platform's "impressive" organic growth and stable non-rental income streams. With the infusion of funds and strategic acquisitions, the stage is set for LiveIn to carve new heights in Southeast Asia's long-stay rental realm. The potential for growth is palpable, spurred by this latest injection of funding.

In a symphony of strategic partnerships and financial fortitude, LiveIn's $8.3 million funding marks a pivotal chapter in its journey. As the platform extends its reach into unexplored territories, the resonance of LiveIn's success echoes beyond borders, promising an exciting era in the Southeast Asian long-stay rental scene. The curtain falls on this funding spectacle, but the saga of LiveIn's growth continues to captivate the audience of the ever-evolving proptech landscape.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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