Heaptalk, Jakarta — Indonesia’s property and construction startup, AMODA, secured a seed investment round for an undisclosed amount from East Ventures and Living Lab Ventures. The team will utilize the capital to broaden the product, technology, and operations capabilities.
In response to this achievement, AMODA’s Co-Founder and Chief Executive Officer, Robin Yovianto, affirmed that this fund will propel the team forward as the company revolutionizes Indonesia’s property and construction landscape. With the support of these investors, He delivered that the team will continue creating innovative, adaptable, and environmentally friendly spaces that empower businesses and individuals.
AMODA aims to revolutionize the property and construction industry in the archipelago. However, the team perceived the challenge in this space around the conventional methods, resulting in a lower productivity rate than other sectors. Moreover, lack of transparency and predictability has contributed to tremendous inefficiencies affecting countless projects, wasting resources, and producing large, unutilized carbon footprints.
For this reason, AMODA startup will transform the traditional construction process and resolve the issues by incorporating digital technology. This innovation has led to construction and solutions that are hassle-free, cost-effective, and time-efficient. The company proffers building solutions tailored to the requirements of individuals and businesses in the archipelago, from SMEs to high-growth and large enterprises.
The platform provides a dashboard to monitor transparent pricing, construction, and leasing information. On the other hand, AMODA’s platform provided optimum efficiency and adaptability in building, enabling simple relocations and expansion to suit specific needs.
The startup claimed that its service has a notable positive impact on clients, mitigating risk by granting them the freedom to experiment and change locations during the initial phases of their business ventures. Additionally, AMODA’s eco-conscious approach, marked by efficient material usage, contributes to lower carbon emissions, making the construction process environmentally friendly.
“We are glad to double down our investment in AMODA. This investment reflects our belief in their vision to transform and redefine Indonesia’s property and construction sector. We have witnessed AMODA’s remarkable growth, and we are confident that their innovative solutions will enhance the construction space’s efficiency, effectiveness, and sustainability. We look forward to further journeys,” said Melisa Irene, Partner at East Ventures.
AMODA’s growth in the property and construction landscape
Founded in 2021, AMODA has recorded a four-fold revenue growth year over year. The company has also expanded its operations by possessing over 200 construction assets, collaborating with over 50 contractor partners nationwide, and engaging with more than 30 landowners.
Besides, the company’s innovative solutions have fostered enduring partnerships with over 60 businesses and private users, tackling their construction challenges and letting them experience the supercharged and worry-free construction process.
Hitherto, AMODA is based in Jakarta and Bandung with a team of 30 members. As a further plan, the team aims to collaborate with more than 30 manufacturing partners, 100 SME suppliers and distributors, and 150 contractor partners, making construction much more streamlined, efficient, and sustainable by the third quarter (Q3) of 2024.
“We are truly delighted to announce our participation in the current investment round for AMODA. Investing in this startup is a strategic move driven by its immense market potential and robust partnerships that synergize seamlessly with our company’s vision,” Bayu Seto, Partner at Living Lab Ventures, concluded.
