Propzy, a Vietnamese offline-to-online real estate platform, raises $25 million Series A

Propzy, a Vietnamese offline-to-online real estate platform, raises $25 million Series A

3 years ago
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https://techcrunch.com/2020/06/09/propzy-a-vietnamese-offline-to-online-real-estate-platform-raises-25-million-series-a/

Propzy, a Vietnam-based startup that guides consumers through the entire process of a real estate transaction, announced it has raised a $25 million Series A led by Gaw Capital and SoftBank Ventures Asia, the early-stage venture arm of SoftBank Group. Other investors included Next Billion Ventures, RHL Ventures, Breeze, FEBE Ventures, RSquare and Insignia.

Instead of proptech, Propzy founder and CEO John Le prefers the term “firetech” to describe the startup, using “fire” as an acronym for financial, insurance and real estate technology. Founded in 2016, Propzy’s technology covers almost every stage of a real estate transaction, from brick-and-mortar sales centers to an online marketplace for listings, financial products like mortgage lending and, finally, enterprise software for property managers and tenants.