Tanaku Bags US$5.5 Million in Pre-Seed Round

By Editorial Team 13/07/2022
Housing
Summary

Property technology (proptech) startup Tanaku announced to have raised US$5.5 million in a pre-seed funding round led by East Ventures. Tanaku co-founder Jonathan Ma revealed the plan to use the funds to build products, expand the team, and implement a go-to-market strategy. "Our mission is to fulfill people's dream of owning a home. In the long term, we want to encourage the transition towards green housing in Indonesia," Jonathan said on Tuesday.

Jonathan says Tanaku is building a pre-mortgage solution for owning a home. Tanaku will build an end-to-end technology platform that facilitates online home purchases and transactions. Potential home buyers will benefit from terms provided on the platform, which are simpler than those of traditional banks. Potential buyers can choose a house from Tanaku's list of preferred properties via its website. In the future, Tanaku will facilitate house purchases on the open market with various agents in several cities.

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