Tuesday, February 25, 2020

Terra Capital invests in Singapore's Flat Monthly

Aug 19. 2019
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Terra Capital has announced a new addition to its growing investment portfolio with a seed investment into Singapore-headquartered online property rental marketplace Flat Monthly (www.flatmonthly.com).

Flat Monthly is an online platform for landlords, agents, and tenants that expedites listing, searching, and transacting agreements for the rental of condominiums and apartments. By moving the rental process online, automating many routine tasks, and offering cutting edge features like 3D photography, virtual reality tours, digital signing and online rental payment, Flat Monthly streamlines the rental process end-to-end; saving time and money while achieving more satisfactory results. 

Terra Capital’s investment in Flat Monthly will be used for immersive content.

CEO Stefan Gunnarsson commented, “We are delighted to add Flat Monthly to our invested companies. Flat Monthly’s growth trajectory is leading it to establish a large footprint across Southeast Asia. I fully believe Flat Monthly will become the expedia of the high growth sector of long-term rental space. Flat Monthly’s disruptive solution and experienced core team are strongly positioned to become the next winner in the property tech space.”

Over the past three years, Terra Capital had invested a total of US$2 million (Bt62 million) in eleven startups in pre-seed, early stage rounds, with the aim of investing $5 million within the next twelve months.

In addition to Flat Monthly, Terra Capital invested in Vizoport (www.vizoport.com), which is now securing its series A round. 

The company invested in Vizoport in September 2018, with the aim of building up and preparing the company for international operations and establishing a solid client base. Vizoport showed profitability eight months later and continues to grow, making it Asia’s largest producer of 3D immersive content.

Terra Capital invested in JobExpress (www.jobexpress.asia) in 2018, helping establish a strong position for the company in the recruitment sector, where disruption and scalability are the main drivers for success. JobExpress is taking the lead in the market today; defining its business in the same way as a low-cost airline or recruitment service with a high emphasis on minimising operating costs.

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