Property platform Ohmyhome raises US$5m in extended Series A round

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SINGAPORE-BASED property platform Ohmyhome has raised US$5 million in a Series A+ round led by Swettenham Blue, the family office of the Tay family, which is behind OG department stores.

Ohmyhome said that its valuation has hit US$45 million, double from the previous Series A raise led by Golden Equator Ventures. Data from VentureCap Insights shows that the company's share price rose from US$112.14 in the Series A round, to US$218.72 in the latest raise.

Ohmyhome plans to raise a Series B round next year. In the meantime, the company will use its freshly-raised capital to enhance its data-matching technology in Singapore, Malaysia and the Philippines.

Started in 2016, Ohmyhome offers property services, such as search, self listing, agent service, mortgage, conveyancing, renovation and moving services. It also facilitates cross-border buying and selling of properties across its three markets.

The startup expanded to the Philippines last year, in response to demand from Filipinos working abroad wanting to purchase properties in their home country, often as a retirement nest egg.

"Our core mission is to help our customers transact as hassle-free as possible, at the best price. We have stayed true to our mission and we look forward to greater enhancement in our technology to further speed up the pace of transactions," said Ohmyhome's chief executive Rhonda Wong.

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