ApartX, a Quest Ventures-backed property technology startup focused on rental property management, has on Wednesday announced that it had secured seed funding of $250,000 from Kazakhstan-based Big Sky Capital and Activat VC.

The seed funding will be used to drive talent acquisition, improve platform functionality, and expansion into new regions such as Southeast Asia, ApartX said in a statement.

ApartX said it will be using the investment to strengthen research and development, attract experienced specialists, and improve the functionality of the platform.

It also plans to expand its presence in the market and establish strategic partnerships with key players in the industry.

“ApartX has built a powerful platform that greatly simplifies the rental management process for landlords. We are determined to continue enhancing the rental process by increasing transparency and improving safety,

“We are confident that the new funding will help us reach new heights and reshape the rental property landscape,” said Kanat Keldibekov, Founder and Chief Executive Officer of ApartX.

Prior to this round of funding, ApartX was backed by Singapore-based venture capital firm Quest Ventures as part of the world-class Kazakhstan Digital Accelerator which was managed in conjunction with Qazakhstan Investment Corporation, the sovereign wealth fund of Kazakhstan.

In recent years, Kazakhstan has emerged as the technology hub of Central Asia, with the region’s largest number of startups.

“ApartX is an innovative software as a service (SaaS) solution that revolutionizes the rental process for both landlords and tenants. ApartX’s solution removes friction by digitizing the rental process which until now has remained predominantly manual,

“We are delighted with the results that ApartX has seen in Central Asia and look forward to supporting its continued growth,” said James Tan, Managing Partner at Quest Ventures.

ApartX is a business to business (B2B) SaaS platform for landlords in short-term rental to automate up to 90 percent of operation process of 1700 properties, by using biometrics, smart locks and digital sign technologies with integration to major rental platforms as AirBnB, VRBO and Booking.com.

Quest Ventures is a venture capital firm in Asia that has a portfolio of 100+ venture-backed companies operate in more than 150 cities across Asia, creating employment and advancement opportunities for more than 4,400 employees.

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