AMODA, a property and construction technology startup in Indonesia, has secured seed funding co-led by East Ventures and Living Lab Ventures.

AMODA said in a statement on Monday that this round of investment strengthens its balance sheet, following the pre-seed funding in 2022.

It said that this funding will be mainly allocated to expanding its product, technology, and operation capabilities.

AMODA is currently based in Jakarta and Bandung with a team of 30 members.

By the third quarter of 2024, the firm aims to collaborate with more than 30 manufacturing partners, 100 small and medium-sized enterprises (SME) suppliers/distributors, and 150 contractor partners, making construction much more streamlined, efficient, and sustainable.

“We’re thrilled to announce this significant milestone in AMODA’s journey. With the support of our valued investors, this seed funding round will propel us forward as we continue to revolutionize Indonesia’s property and construction landscape,

“We are confident to continue our journey in creating innovative, adaptable, as well as environmentally friendly spaces that empower businesses and individuals,” said Robin Yovianto, Co-Founder and Chief Executive Officer of AMODA.

Founded by Robin Yovianto, Co-Founder and Chief Executive Officer of AMODA and Agusti Salman Farizi, Co-Founder and President of AMODA, AMODA aims to revolutionize the property and construction industry in Indonesia.

According to AMODA, the challenge in this space revolves around the conventional methods, which resulted in a very low productivity rate compared to other sectors.

Moreover, lack of transparency and predictability has contributed to huge inefficiencies affecting countless projects, wasting resources, and producing large, unutilized carbon footprints.

Thus, AMODA is transforming the traditional construction process and resolving its issues by incorporating digital technology.

It said this innovation has led to construction experiences and solutions that are hassle-free, cost-effective, and time-efficient.

It also said AMODA offers building solutions tailored to the requirements of individuals and businesses in Indonesia, ranging from small and medium-sized enterprises to high-growth and large enterprises.

In ensuring a pleasant and trackable experience, it said AMODA provides a dashboard that provides thorough and transparent information about the pricing, construction, and leasing process.

Moreover, it said AMODA upholds the commitment to warrantable results and time and ensures that all the delivered products and properties pass through multi-layer inspections and, at the same time, deliver right on time.

It is also noted that AMODA offers optimum efficiency and adaptability in its buildings, enabling easy relocation and expansion to suit specific needs.

This has had a notable positive impact on clients, mitigating risk by granting them the freedom to experiment and change locations during the initial phases of their business ventures.

Additionally, AMODA said its eco-conscious approach, marked by efficient material usage, contributes to lower carbon emissions, making the construction process environmentally friendly.

Since it was founded in October 2021, AMODA has recorded at least four times revenue growth year over year.

Furthermore, the company has expanded its operations, boasting a portfolio of over 200 construction assets, collaborating with over 50 contractor partners nationwide, and engaging with more than 30 landowners.

AMODA’s innovative solutions have also fostered enduring partnerships with over 60 businesses and private users, tackling their construction challenges and letting them experience the supercharged and worry-free construction process.

“We are glad to double down our investment in AMODA. This investment reflects our belief in their vision to transform and redefine Indonesia’s property and construction sector,

“We have witnessed AMODA’s remarkable growth, and we are confident that their innovative solutions will enhance the construction space’s efficiency, effectiveness, and sustainability. We look forward to further journeys ahead,” said Melisa Irene, Partner at East Ventures.

Meanwhile, Living Lab Ventures Partner Bayu Seto said that the investment marks a significant milestone in the firm’s journey as it recognizes the immense potential and transformative power that AMODA holds within its core.

“Investing in AMODA is a strategic move driven by its immense market potential and robust partnerships that synergize seamlessly with our company’s vision,” he said.

AMODA’s Robin Yovianto on innovating the construction industry for efficiency and sustainability [ORIGIN Innovation Awards Q&A]