Living Lab Ventures Invests in Proptech Startup Parent Lamudi

Digital Classifieds Group (DCG), Lamudi's parent company, announced a strategic investment from Living Lab Ventures (LLV), corporate venture capital owned by Sinar Mas Land. This step not only strengthens DCG and Lamudi's position as property technology leaders in the Asia-Pacific region, especially Indonesia, but also marks LLV's expansion into Australia.

DCG itself made the acquisition Indonesian Lamudi in October 2023 from shareholders previously, namely Dubizzle (formerly EMPG - Emerging Markets Property Group).

Living Lab Ventures Partner Bayu Seto stated that this investment is an important milestone that confirms LLV's confidence in DCG and Lamudi's ability to build the largest technology ecosystem in the Indonesian property industry. "With this collaboration, we see a great opportunity to expand our reach into Australia and strengthen our position in the Asia-Pacific Proptech industry," he said.

DCG CEO Mark Nosworthy positively welcomed the investment from LLV. According to him, this support confirms DCG's mission in transforming the property market through technology. "This collaboration will accelerate our growth and enhance our ability to provide cutting-edge technology solutions to users in Southeast Asia," said Mark.

Since its founding in 2014, Lamudi has played an important role in digitalizing the industry real estate in Indonesia. Through this platform, more than 30.000 property agents have been empowered to improve their technology proficiency and digital marketing skills. Lamudi has also established partnerships with various large developers in Indonesia, providing services end-to-end for more than 425 property projects.

CEO of Lamudi Indonesia Mart Polman, revealed that support from LLV will help Lamudi expand its operations and strengthen its position as real-estate marketplace leading in Indonesia. "This investment allows us to further develop our platform, enhance the user experience, and provide unmatched value to customers," explained Mart.

This strategic investment not only paves the way for new breakthroughs in the property technology sector, but also strengthens Sinar Mas Land's commitment to encouraging innovation and growth in the industry. real estate Indonesia. This is also proof of LLV's dedication in leading digital transformation and strengthening Indonesia's position as a key player in the global market.

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Disclosure: This article was produced with AI technology and supervision of the content writer