Singapore-based real estate investment platform RealVantage, which operates as RV SG Pte. Ltd., a private limited company holding a Capital Markets Services license, has announced a $10 million Series A fundraise oversubscription, $70 million valuation well supported in excess.

RealVantage said in a statement on Wednesday that overspill in demand from investors include three family offices such as the family office of leading integrated property group SoilBuild being met by some secondary tranches; enabling dedicated staff of the fast-growing fintech company to receive some liquidity.

The proceeds from the fundraise will be deployed into three key areas : new investment products including thematic funds; advancing RealVantage’s artificial intelligence (AI)-powered platform; regional growth beginning with Hong Kong SAR.

“The strong vote of confidence from new investors reinforces our mission: to continue advancing our mandate of making institutional-grade real estate investing far more accessible, transparent and rewarding for everyone across the globe,” said Keith Ong, Co-founder and Chief Executive Officer of RealVantage.

Since inception in April of 2019, RealVantage has raised more than S$400 million ($308.86 million) investment monies and completed more than 130 deals across seven global markets; including its latest expansion into South Korea.

The platform has built a rapidly-growing following of over 10,000 members from 58 countries, spanning institutions, listed companies, family offices, accredited investors and mass-affluent individuals.

Some of its operating partners include leading global developers and asset managers such as Greystar, ESR and Investcorp.

RealVantage said it has already taken its first major step regionally through a joint venture in Hong Kong SAR with a consortium of established real estate partners and a prominent family office.

The Hong Kong business will be led by Ivan Ho, former chief executive officer of KaiLong REI; with former Standard Chartered senior banker Edmund Ho providing strategic guidance.

“RealVantage is bringing a fresh, disciplined and investor-aligned approach to real estate investing…Their platform fills a real gap in the market and I’m confident they are poised for even greater growth,” said Lim Han Feng, a director at leading integrated property group Soilbuild Group Holdings Ltd and a participating investor through SoilBuild’s family office.

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