Global real estate investment platform RealVantage has closed an oversubscribed US$10 million ($13 million) Series A funding round at a US$70 million valuation.
Investor demand exceeded the offering, prompting the company to meet overspill through secondary tranches that also provided liquidity to staff at the fast-growing fintech.
Backers include three family offices, with the family office of integrated property group Soilbuild among the participants.
Founded in Singapore in April 2019, RealVantages operates as RV SG, a private limited company regulated by the Monetary Authority of Singapore and holds a Capital Markets Services licence.
It has raised more than $400 million and completed over 130 deals across seven global markets, including its latest expansion into South Korea. Its member base has grown to over 10,000 across 58 countries, spanning institutions, listed companies, family offices, accredited investors and mass-affluent individuals.
The fresh capital will be deployed across three areas. They include developing new investment products, including thematic funds, advancing its AI-powered platform, and funding regional expansion, starting with Hong Kong.
See also: Singapore-licensed MetaComp raises US$22 mil to scale stablecoin payment network
RealVantage has already established a joint venture in Hong Kong with a consortium of real estate partners and a prominent family office. The Hong Kong business will be led by Ivan Ho, former chief executive officer of KaiLong REI, with former Standard Chartered senior banker Edmund Ho providing strategic guidance.
“The strong vote of confidence from new investors reinforces our mission: to continue advancing our mandate of making institutional-grade real estate investing far more accessible, transparent and rewarding for everyone across the globe,” says Keith Ong, co-founder and chief executive officer of RealVantage.
Lim Han Feng, a director at Soilbuild Group Holdings and a participating investor through SoilBuild’s family office, adds: “RealVantage is bringing a fresh, disciplined and investor-aligned approach to real estate investing. Their platform fills a real gap in the market, and I’m confident they are poised for even greater growth."
