Homebase raises $30M in funding
Vietnam-based Homebase recently raised $30 million in a round of funding from Y Combinator, Partech Partners, Goodwater Capital, Ace, along with Company, Emies Advisors, and Foundamental.
“The concept of owning your own home is quite important culturally and if you look at the economy, real estate is one of the most popular types of investment,” said Homebase co-founder and COO Phillip An. “People are investing more and more in crypto and stocks, especially during COVID, but I would say real estate still makes a really big portion of what people put their money in. And if you look at the historical track record of real estate in Vietnam, it’s really good.”
Homebase acts as a co-investor, buying property alongside its clients who put in a 20% deposit. The clients then pay back a fixed amount to Homebase each month, or alternatively buy out the company’s entire share.
“Investors, even customers have reached out to us on social media and asked if we’re available in their country, so I think there is a lot of customer demand for these types of services that help make affording a home more accessible,” added An.
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