Singapore-based real estate investment platform RealVantage has closed an oversubscribed Series A round of $10 million, valuing the company at $70 million. The firm, which operates as RV SG Pte. Ltd. and holds a Capital Markets Services license, said the round drew strong interest from investors, including three family offices. These include the family office of integrated property group SoilBuild. Some demand was met through secondary tranches, giving liquidity to employees.
RealVantage will allocate the capital to three areas. First, it plans to roll out new investment products, including thematic funds. Second, it will advance its artificial intelligence (AI)-driven platform. Third, it aims to grow regionally, beginning with Hong Kong SAR.
“The strong vote of confidence from new investors reinforces our mission: to continue advancing our mandate of making institutional-grade real estate investing far more accessible, transparent and rewarding for everyone across the globe,” said Keith Ong, Co-founder and Chief Executive Officer of RealVantage.
Founded in April 2019, RealVantage has raised more than S$400 million ($308.86 million) and completed over 130 deals across seven global markets. Its latest expansion includes entry into South Korea. The platform now has more than 10,000 members across 58 countries, ranging from institutions and listed companies to family offices, accredited investors, and mass-affluent individuals.
RealVantage also works with global developers and asset managers, including Greystar, ESR and Investcorp.
The firm has taken its first step toward regional expansion through a joint venture in Hong Kong SAR with a group of established real estate partners and a prominent family office. The Hong Kong operations will be led by Ivan Ho, former CEO of KaiLong REI, with strategic guidance from Edmund Ho, a former senior banker at Standard Chartered.
“RealVantage is bringing a fresh, disciplined and investor-aligned approach to real estate investing…Their platform fills a real gap in the market and I’m confident they are poised for even greater growth,” said Lim Han Feng, a director at Soilbuild Group Holdings Ltd and a participating investor through SoilBuild’s family office.
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