AMODA, a property and construction technology startup in Indonesia, has secured undisclosed seed funding in a round co-led by East Ventures and Living Lab Ventures.
The capital will be mainly allocated to expanding its product, technology, and operation capabilities.
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“This seed funding round will propel us forward as we continue to revolutionise Indonesia’s property and construction landscape. We are confident to continue our journey in creating innovative, adaptable, as well as environmentally friendly spaces that empower businesses and individuals,” said Co-Founder and CEO Robin Yovianto.
This round follows AMODA’s pre-seed funding in 2022.
Founded in October 2021 by Yovianto and Agusti Salman Farizi, AMODA aims to enhance the process of construction, “making it 2x faster, cheaper, and more transparent”. It uses cloud manufacturing and prefabrication technology to build solutions for individuals and businesses in Indonesia, from SMEs and high-growth firms to large enterprises.
AMODA provides a dashboard with thorough and transparent pricing, construction, and leasing information.
Since its inception, AMODA claims to have recorded at least 4x revenue growth year over year. The company has a portfolio of over 200 construction assets, collaborating with over 50 contractor partners nationwide and engaging with more than 30 landowners.
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AMODA is based in Jakarta and Bandung with a team of 30 members. By Q3 2024, it aims to collaborate with over 30 manufacturing partners, 100 SME suppliers/distributors, and 150 contractor partners.
Living Lab Ventures is a sector-agnostic corporate VC firm focusing on high-potential companies with strong synergy to corporate core business. Since its inception in 2021, it has invested in 30 companies.
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