REALly, a real estate management marketplace, has received capital from Huntington Partners in a seed funding round, along with angel investors, to reach $360,000 in a seed funding round.
The Singapore-headquartered startup has developed an app for property managers to coordinate the numerous tasks involved in projects such as office renovations, outfitting of retail stores and condominium and facilities management.
REALly currently has over 50 property and project managers on its platform, from firms including Savills, Colliers International and Faithful+Gould, said the startup’s Founder Joerg Zeugner.
The app also features a marketplace with close to 2,500 suppliers and contractors. The marketplace aims to promote price transparency among the suppliers and contractors via an open bidding process for their services and a ratings function.
The seed funding “will enable the team to further enhance the application and marketplace and allow us to develop overseas markets, specifically Malaysia and Indonesia, where REALly has already identified partners”, said Zeugner in the release.
Original article at The Business Times