- This large follows the company’s pre-seed money in 2022.
- Funds will be used to improve merchandise, technology, and functional capabilities.
Amoda, a business in Indian and nbsp building technology, has received seed money from East Venture and Living Lab Ventures. & nbsp,
Following the pre-seed funding in 2022, The & nbsp, a startup, announced that the investment strengthens its balance sheet. The funds will primarily be used to increase its product, technology, and operational capabilities.
” With the support of our investors, this seed funding round will propel us forward as we continue to revolutionize Indonesia’s property and construction landscape,” said Robin Yovianto( pic ), co-founder and CEO of Amoda. In order to enable businesses and individuals, we are assured that we will continue on our journey to develop creative, flexible, and environmentally welcoming spaces.
The structure and nbsp industry, which was founded by Robin and Agusti Salman Farizi, faces a problem due to traditional practices that result in significantly lower productivity than other industries. Considerable inefficiencies that have an impact on many projects have also been caused by a lack of transparency and regularity, which has resulted in resource waste and the production of sizable, unutilized carbon footprints.
By incorporating modern technology to address its difficulties, Amoda is revolutionizing the traditional design process. This & nbsp has produced hassle-free, cost-effective, and time-efficient construction experiences and solutions.
Amoda offers specialized creating solutions for a variety of users in Indonesia, including small and medium-sized businesses as well as high-growth and big businesses. With Amoda & nbsp, a company dedicated to delivering trustworthy results on time and subjecting all products and properties to multi-layer inspections, A & bbSp provides comprehensive information about pricing, construction, and leasing processes.
Additionally, it provides effective and flexible developing solutions, enabling simple relocation and expansion to satisfy particular requirements. This freedom lowers risk and gives customers the freedom to experiment and relocate during the early stages of their company endeavors.
The business adopts & nbsp, efficient material usage, and significantly lowers carbon emissions, making the construction process environmentally friendly.
Amoda asserts that since its founding in October 2021, it has grown its quarterly earnings by 4 times, amassed a collection of over 200 building assets, and collaborated with more than 50 contractors.
According to Melisa Irene( pic ), a partner at East Ventures, the company’s investment decision is based on its support for Amoda ‘ plan to transform the construction industry in Indonesia. ” We are certain that their cutting-edge answers will help the building industry become more efficient, effective, and sustainable.”
Amoda’s significant market potential and strong partnerships that easily support their own vision, according to Bayu Seto, a companion at Living Lab Ventures, were the driving forces behind their decision to invest in the company.
Amoda currently has its headquarters in Jakarta and Bandung, along with a 30-person group. By Q3 2024, they hope to have more than 30 manufacturing partners, 100 SME suppliers / distributors, and 150 contractor partners in their collaboration network. This development aims to improve efficiency, optimize, and encourage sustainability in the construction industry.