Real estate tech startup alternative housing group secures $1.1M in seed funding
The funding round was led by Foxmont Capital Partners, a Philippine venture capital fund that invested in homegrown Filipino startups such as Kumu, Edukasyon.ph, Booky, and several others. Additional investors include real estate mogul David Leechiu, entrepreneur Melissa Limcaoco, and the Magsaysay family, among others. As an early-stage technology startup providing concrete solutions in real estate, AHG focuses on rolling out asset light accommodation brands, organizing and structuring integrated services for renting and buying, developing prop tech applications, building real estate vertical platforms and developing new applications for property auctions, fractional property ownership and other much needed solutions for the real estate market. Headed by co-founders Revianne Sesante, Ryan Llamoso, and Patrick Llamoso, the company is composed of young and aggressively competitive team members specializing in the fields of technology, marketing, entrepreneurship, property management and operations. “Alternative Housing Group has proven that they can scale and lead the Philippine real estate evolution with high competence. As we all move toward a post-pandemic future in the Philippines, AHG’s team will certainly emerge as one of the new leaders in the real estate space,” said Franco Varona, managing partner at Foxmont. In this time when the economy is now beginning to reopen, and vaccination programs continue to roll out, it is without a doubt that the Philippine real estate market is heading towards a promising future. “The developments around the world – which have been accelerated by the pandemic – means that the definition of home, live, office, work has rapidly changed. The same applies to the way people search, view, own, rent, lease or transact real estate. Unfortunately, the Philippe property market has been stagnant for decades, however now it is ripe for disruption,” Llamoso said.
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