Amoda secures seed fund led by East Ventures

Indonesian PropTech, AMODA, has successfully gathered seed funding in a round co-orchestrated by East Ventures and Living Lab Ventures. This comes hot on the heels of their pre-seed funding round in 2022 and will primarily serve to bolster their product, technology, and operational capabilities.

• Investor Confidence: The round signifies a strong vote of confidence from investors. AMODA's Co-Founder & CEO Robin Yovianto expressed his excitement about this milestone and emphasized how it will fuel the company's mission to innovate and shape Indonesia's property and construction sectors.

• Revolutionizing Property and Construction: AMODA's driving force is to counteract traditional construction methods' inefficiencies, such as lack of transparency, unpredictable outcomes, and environmental damage.

• Innovative Approach: AMODA’s contribution to the industry is by integrating digital technology into construction processes. The result is a more streamlined, cost-effective, and efficient construction experience, with solutions tailored to the clients’ specific needs.

• Transparency and Accountability: AMODA's dashboard offers full transparency into pricing, construction, and leasing processes. Their commitment to punctual and high-quality delivery is backed by multi-layer inspections of all products and properties.

• Impressive Growth: Since its inception in October 2021, AMODA has seen 4x year-over-year revenue growth. The firm's impressive portfolio includes over 200 construction assets, collaborations with 50+ contractors, and engagements with 30+ landowners. They've built strong partnerships with 60+ businesses, helping them overcome construction challenges.

Currently operating out of Jakarta and Bandung with a 30-strong team, AMODA's future plans include collaborations with numerous manufacturing partners, suppliers/distributors, and contractor partners. The goal is to make construction more streamlined, efficient, and sustainable by Q3 2024.