Startup M Village by Nguyen Hai Ninh has just successfully raised $ 1.7 million in the seed round
Recently, M Village announced that it has successfully raised $ 1.7 million in capital from domestic and international investors.
Investors in this seed round include Simple Tech Investment – STI (Vietnam), Vulpes Ventures (Singapore), Genesia Ventures (Japan) and some other “angel” investors. These are reputable investors with great financial potential in the region and Asia, having funded many startups as well as major unicorns in the region.
Leading the group of investors pouring capital into M Village is STI – a company specializing in investing in digital transformation business models in Southeast Asia, such as 24h, SieuViet Group, Anycar or 30Shine. STI and Chairman Phan Minh Tam are famous for being cool and generous investors in the Vietnamese startup world.
On M Village’s advisory board are Jani Rautiainen from Vulpes Ventures and Co-Founder of PropertyGuru, which recently listed on the New York Stock Exchange at a valuation of $1.8 billion, and Mr. Zenos Schmickrath, co-founder of M Village. Founder of Hmlet, the largest Co-living startup in Southeast Asia.
Officially put into operation in May 2021, M Village has shown that this is the right solution for modern young people who need a safe living space, want to experience creative and relaxing living even in the summer. and after translation. M Village not only provides short-term and long-term accommodation solutions in cool apartments with beautiful views, but also a convenient ecosystem of various utilities from working, dining, taking care community health, ecology in a friendly space and connected with each other by technology.
The above demand marks a shift of the market and especially a ‘mutation’ after Covid. Therefore, despite entering the market at the peak of the epidemic, M Village has shown that this is a suitable model for young people when the rental capacity at the facilities is always above 90%.
Up to now, M Village is the unit with the fastest growth rate in the market with 5 establishments in operation and 11 establishments about to be put into operation.
With the declining accommodation business and difficulties after Covid due to the sharp shift in market demand, M Village is receiving many invitations from landlords and project owners for business cooperation. stay to create higher efficiency.
“The reason STI and investment funds from Singapore, Japan … participate in M Village because this is the accommodation solution of the future, with great potential for development in the near future. Although there are many challenges ahead, we believe that Founder Nguyen Hai Ninh and his team – who have the vision and ability, can bring the M Village model to the forefront of the Vietnamese market and in Southeast Asia.“, grandfather Phan Minh Tam, Chairman of the Board of Directors of STI shared his belief when pouring capital into M Village and said that he would continue to participate in raising capital in the M Village model for the next rounds.
Nguyen Hai Ninh – Founder of M Village expressed: “With the amount of 1.7 million USD mobilized this time, M Village continues to invest in technology to increase utilities for residents, expanding the system to many other locations such as District 1, 2, 3, 7, Binh Thanh District and Phu Nhuan. We expect to become the largest accommodation service this year in HCMC and the largest in the country by 2024.“.
Nguyen Hai Ninh is the co-founder and former CEO of The Coffee House – the fastest growing experiential coffee shop system in recent years. He is very experienced in business development – operating a system that is able to scale rapidly, ensuring a consistent quality of experience. With M Village, he and his team are bringing new experiences into apartment services, creating new values for the living space of young people in big cities.
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
