Malaysia-based building materials and home finishing product marketplace HOMA2U (HOMA) announced on Thursday that it has secured funding which includes Warisan Quantum Management, a private equity fund management company based in Kuala Lumpur.

The total raised amounted to 2.4 million MYR ($567,000), HOMA said in a statement. Prior to that, Malaysia-based accelerator ScaleUp Malaysia with investment partner Quest Ventures Pte Ltd invested via the ScaleUp Malaysia’s Accelerator program where HOMA is one of the top 10 startups from the Cohort 2 batch.

As Malaysia’s first full-fledged overstock platform for home improvement, HOMA looks towards prioritizing the sustainability factors in their day-to-day business operations to reduce the environmental impact.

“Sustainability has become a trend in home renovation and design. When considering sustainability, trending items are not just about what is fashionable, it’s also about doing the most for our environment. By championing the notion of reducing, reuse, and repurpose, our strategy includes acquiring building materials and interior finishes products from unused construction materials, discarded materials, and overstock markets,” HOMA Founder Pennie Lim said.

“With the fundraise intact, we are able to put efforts towards building and extending more revenue streams rather than sticking to one at the moment which is just profit from products sold,” she added.

“HOMA has been thoughtful and strategic in their approach to scaling nationwide and we are confident that HOMA will grow even stronger when they go beyond the Malaysian shores too when the time comes,” said Warisan Quantum Management Managing Director Joehary Ismail.

HOMA is a platform that offers building material and home finishing products at bargains.

Founded in 2017, HOMA has repurposed more than 20 million ringgit worth of overstock inventories to more than 8,000 homes. The platform currently houses more than 500 professional profiles including architects, interior designers, and contractors. HOMA is also an alumnus of Cradle Fund’s Coach & Grow Program Cohort 5 Batch (CGP5).

HOMA currently serves Kuala Lumpur and Johor Bahru markets. It plans to expand to 10 more new locations by 2022 and targets to reach the 100 million ringgit milestone by 2024.