Woh Hup unit launches VC fund, invests in co-living startup

Singapore

WOH Hup unit Aurum Investments has launched a double-digit multi-million venture capital fund, and invested US$1.5 million in seed funding in co-living startup Hmlet.

This comes amid a growing trend of traditional property firms dipping their toes into property technology, or proptech.

The Singapore-based corporate venture capital fund is seeking out startups that are tech-focused and scalable towards local and regional real estate opportunities. Hmlet is its first investment.

Set up in 2016, Hmlet runs co-living spaces where young working professionals can rent rooms and apartments at affordable prices, with a minimum commitment of t…