Malaysia-based long-stay rental platform, LiveIn, has successfully raised a substantial US$8.3 million in a recent funding round. The round was spearheaded by existing investor Wavemaker Partners and welcomed a new participant, InterVest, a prominent venture capital firm based in Korea.
On Wednesday, December 27, LiveIn revealed additional backers, including Malaysia Debt Ventures, Jungle Ventures, and CAC Capital, further solidifying its position in the market.
The injected funds are earmarked for the ambitious expansion of LiveIn’s operations, particularly in Thailand, and the introduction of its services to two new markets – Vietnam and Indonesia. The company plans to leverage the capital to augment its portfolio of properties and scale its team in these countries.
Jungle Ventures and CAC Capital, both of which contributed in earlier funding rounds, continue to demonstrate confidence in LiveIn’s growth trajectory.
LiveIn’s strategic focus on the Southeast Asian market, coupled with the support from investors, positions the platform for continued success in the rapidly evolving long-stay rental sector.