- Malaysian proptech LiveIn raised $8.3 million to drive Southeast Asia expansion.
- LiveIn operates over 10,000 rental units in Malaysia and Thailand and plans to enter Indonesia, Vietnam, and the Philippines.
- LiveIn acquired KT Management this year to cement itself in Malaysia’s rental accommodation market.
Kuala Lumpur-based property technology firm LiveIn has raised an $8.3 million Pre-Series B funding round to drive its expansion across Southeast Asia.
Hostel Hunting to Fulltime Provider
The fresh capital was led by returning investors Wavemaker Partners and InterVest. It also saw participation from Malaysia Debt Ventures (MDV), Jungle Ventures, and CAC Capital.
Founded in 2017 as Hostel Hunting, LiveIn started as a marketplace for long-term property rentals before pivoting to become an end-to-end solutions provider in the sector.
It currently operates over 10,000 rental units in Malaysia and Thailand.
Expansion in SE Asia
The new financing will help LiveIn enter Indonesia, Vietnam, and the Philippines by 2024. Co-founder Keek Wen Khai told Tech Weekly in an interview.
LiveIn also plans to enhance its platform with new features and expand into more cities to meet the growing demand for affordable long-stay housing among young urbanites.
Gaining Foothold in the Malaysian Market
“We are seeing a huge appetite for quality living spaces with flexible rental terms,” Wen Khai explained.
Earlier this year, the proptech startup bought local firm KT Management to cement its foothold in the Malaysian accommodation market. Its workforce has also expanded to over 120 employees.
