COVE, a newcomer in Singapore’s co-living sector, has secured more than US$2 million in seed funding to expand in South-east Asia and build-out its technology.
The round was led by investment firms from Asia and Europe – Indonesia’s Venturra; Singapore’s Investigate and Yuj Ventures, which is backed by The Xander Group; and Germany’s Picus Capital. The lead investors were joined by Singapore venture capital funds Aetius Capital and Found Ventures, as well as various strategic angel investors.