AMODA, Property Technology Startup And Construction Achieves Initial Funding

JAKARTA - Following pre-seed funding in 2022, AMODA, a property and construction technology startup in Indonesia, has received initial funding (seed) led by East Ventures and Living Lab Ventures.

Through this funding, AMODA will allocate these funds with its main focus to increase capabilities in products, technology, and operations.

"We believe that we can continue to create innovative, adaptable, and environmentally friendly building spaces in empowering the business world and individuals," said Robin Yovianto, AMODA Co-Founder and Chief Executive Officer.

Founded by Robin Yovianto, AMODA Co-Founder & Chief Executive Officer and Agusti Salman Farizi, AMODA Co-Founder & President, AMODA has a vision to revolutionize the property and construction industry in Indonesia.

Robin said the challenge in the industry is the use of conventional methods, which result in a fairly low level of productivity compared to other sectors.

In addition, the lack of transparency and estimation in the construction process resulted in inefficiency in most projects; in which it generally causes resources to be wasted and produces large amounts of carbon footprint.

AMODA uses digital technology in transforming and solving problems in this traditional construction process provides solutions that lead to easy and effective and time-efficient experiences.

To ensure a pleasant and trackable experience (trackable), AMODA provides dashboards that provide comprehensive and transparent information on price, construction, and rental processes.

In addition, AMODA upholds the commitment to the results and time that can be accounted for. AMODA ensures that all products and properties sent pass through various stages of inspection and are delivered on time.

Since its founding in October 2021, AMODA has recorded revenue growth at least 4 times year-on-year. In addition, AMODA has expanded its operations, with more than 200 construction assets, collaborated with more than 50 national contractor partners, and established ties with more than 30 land owners.

In Q3 2024, AMODA targets to collaborate with more than 30 manufacturing partners, 100 SME suppliers/distributors, and 150 contractor partners, to make the construction process more efficient, efficient, and sustainable.