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Smarten Spaces secures $12M Series A Funding from leading investor

by • February 10, 2020 • PropTechComments (0)485

Smarten Spaces, a Singapore Headquartered company, in November last year, announced the close of a $12M Series A investment round. The new investment was made by leading Asia investor Symphony International Holdings Limited (Symphony).

smarten spacesThe Smarten Spaces platform is quite unique in the industry as it looks to fill the gap with a one-stop solution for space owners and managers to digitize and manage their space.

The company believes that the goal of smart building technology is not necessarily to add sophistication but to identify and systematically eliminate the inefficiencies within the experience and workflows currently in place.

Since its launch back in 2017, Smarten Spaces has developed one of the world’s first end-to-end AI platform to disrupt a $19.9 billion smart space industry with current focus on enterprise offices, real estate developers, coworking, co-living and other spaces of work and leisure. The platform enables space owners to offer next-generation spaces that will improve productivity, reduce operational costs and offer conveniences to the end-users.

Anil Thadani, Chairman, Symphony International Holdings Limited said “This is our first investment in a SaaS company and we are looking forward to working with Dinesh and his team to grow the business, especially in the Real Estate and Hospitality industries where we have deep connections and significant investment experience.”

Dinesh Malkani, Founder & CEO, commenting on this important milestone in Smarten Spaces journey said, “We are delighted to have Symphony for our Series A investment. Their long-term view and portfolio of investments in real estate and consumer brands provide many synergistic opportunities as we expand Smarten Spaces across the Asia Pacific and North America within the rapidly growing Proptech industry.” Malkani added, “Our platform today provides the capability to provide intuitive user experience and optimize spaces. This lets us build the improved value of built spaces and long-term business relationships.”

About Smarten Spaces Pte Ltd.
Smarten Spaces was founded in 2017 by Dinesh Malkani and his Co-Founders Anushka Verghese and Prithvi Shergill and has since rapidly acquired customers in Singapore and India. Currently, the company is focussed on digitizing spaces for Enterprises, Commercial real estate, Coworking, Coliving and Warehousing. With a projected market value of 19.9 Bn for smart spaces and businesses globally implementing ‘smart’ solutions across their value chain, Smarten Spaces will enable the transformation of spaces by digitizing services and bridging the last mile between real estate providers, consumers and space. This results in intuitive user experience and secures optimized spaces in environments used by communities of people.

“The whole of transaction process provided by Smarten Spaces property tech platform, points to the signs of the times where property agents must upgrade to keep up or die”, said Mr Paul Ho, chief mortgage officer of iCompareLoan.

He noted that many property agencies struggle to keep up with all the regulatory changes in the industry, as well as the changing financial calculations for acquiring a property. He urged property agents to master the basics in property financing, refinancing, taxation and CPF.

Mr Ho said that iCompareLoan.com runs a full 2 – 3 days course on how property agents can produce such reports for their customers. He added that the trademarked course teaches Property Agents how to generate complicated Financial calculations using –  Home Loan Report (TM) – in 3 mins flat. This helps Property agents to close deals faster and serve customers more professionally.

The Home Loan Report tool is a Singapore’s first one-of-a-kind analysis platform that provides latest updates of detailed loan packages and helps property agents, financial advisors and mortgage brokers to analyse home loan packages for their clients and give unbiased home loan / commercial loan analysis for their property buyers and home owners.

As buyers of the future grow more discerning, agents cannot afford to just rely on their personality or their experience to attract clients. Buyers and sellers of the future will increasingly rely on agents to have knowledge on property finance calculations and this is where the Home Loan report comes in.

This trademarked tool is a one-stop solution that can help deliver a detailed home loan report to property agents in 3 minutes flat. This is especially helpful when agents who do not have knowledge on property finance calculations make cold calls to potential clients and need to have a thorough analysis at hand in order to best direct each client on what their property buying and selling options are.

Such a report will not only help agents deliver the best possible property options to their clients, it will also help prevent the agent or potential buyers or sellers from wasting each other’s time since they already have all the information they need on the potential client’s buying or selling prospects at hand.

Property agents who want to continue working in the industry must set themselves apart and position themselves as thought leaders, especially in this day and age where digital marketing largely drives the economy.

Businesses should always looking at ways to improve customer experience, and enable a growing need for customers to have easy access to services. At the same time, it was also essential that businesses only worked with partners that shared the same vision of providing good quality services to our customers. This is one big reason why property agents should work with trusted partners like iCompareLoan.

Besides providing trademarked training for property agents and real estate services company, iCompareLoan also provides a one-stop-service for the procurement of the best home loans or refinancing. The services of mortgage consultants are absolutely free.

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