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"Brian Ma, general partner at Iterative, said the VC firm wants to work with Goro to ‘democratize property ownership and investing for young investors across Southeast Asia.’"

"Iterative, an early-stage venture capital firm, led a $1 million pre-seed round for GORO, an Indonesia-based fractional property marketplace platform. Several prominent investors, including XA Network, StashAway's Angel Investing Programme, and Indonesian property veteran, Mike Broomell of Colliers Indonesia, took part in the funding round, GORO said in a statement on 9 August."

"Additionally, Goro has set its sights on tackling the homeownership challenges faced by Indonesian millennials, a demographic comprising over 81 million individuals who do not currently own a home. The company is currently evaluating if a rent-to-own model can be a practical solution."

"GORO, an Indonesia-based fractional property marketplace platform, has raised $1 million in a pre-seed round led by early-stage venture capital firm Iterative.
The funding round was also participated by several prominent investors including XA Network, StashAway’s Angel Investing Program and Indonesian property veteran, Mike Broomell of Colliers Indonesia, GORO said in a statement on Wednesday."

"GORO intends to allocate the new funds towards team expansion and strengthening its regional user acquisition approach."

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Real Investors, Real-life Impact

Florian K.

IT Director

“GORO made investing in high-yielding Indonesian property a breeze! Their hassle-free experience and expert guidance are unmatched. Impressive returns and exceptional service.”

Karan S.

Private Banker

“With GORO I get exposure to the best-performing asset class in history without the cumbersome process of identifying investment properties.”

Alvin D.

Analyst

“GORO’s fractionalized property product really helped me to get into the habit of building fixed income channel with low barrier of entry.”

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