Real estate tech startup alternative housing group secures US$1.1 million in seed funding

Within its first year of operations, Philippine real estate tech startup and prop tech incubator Alternative Housing Group (AHG) has secured a seed funding amounting to P55 million (US$1.1 million) — fueling growth through an asset-light business model and gearing up towards building new technological innovations in real estate. The funding round was led by Foxmont Capital Partners, a Philippine venture capital fund that invested in homegrown Filipino startups such as Kumu, Edukasyon.ph, Booky, and several others. Additional investors include real estate mogul David Leechiu, entrepreneur Melissa Limcaoco, Magsaysay family, and more.