First Philippine startup valued at more than $1 billion

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In what can be seen as a major milestone for the Philippine startup sector, an innovative Makati-based company creating prefabricated designer homes became the country’s first “unicorn,” or startup worth more than $1 billion.

Revolution Precrafted Ltd. has raised its series B round co-led by Singapore’s K2 Venture Capital, valuing the company at over $1 billion, according to Tech in Asia. This makes the two-year old company also the fastest to achieve billion-dollar status in Southeast Asia, the news channel noted.

The company joins several unicorns in the K2 portfolio, namely Spotify, Magic Leap, Paytm, and Palantir. It now also sits alongside other billion-dollar startups in Southeast Asia such as Sea, Grab and Lazada based in Singapore, Traveloka and Tokopedia in Indonesia and VNG Corp in Vietnam

Revolution Precrafted has been founded by now 40-year-old Robbie Antonio, son of Philippine real estate czar Jose Antonio, founder and chairman of Century Properties, a developer of high-end real estate where Robbie serves as managing director. He is believed to have been the driver at Century to license branding deals with Forbes Media, Donald Trump, Giorgio Armani, Versace and Paris Hilton.

He’s turned to entrepreneurship to make designer homes “accessible to more people” and has them designed by renowned architects and designers like David Salle, Jean Nouvel, Sou Fujimoto, Tom Dixon, Marcel Wanders and the late Zaha Hadid. The homes are priced at an average of $120,000, can be ordered from the company’s web page and are shipped to anywhere in the globe in at least 90 days.

The company also offers other types of structures such as modular condominiums, retail stores, fitness centers, restaurants, hotels and even customised luxury tents, all of them individually created by designers and ready for instant delivery.

Antonio is convinced that Revolution Precrafted “democratises access to branded design of living spaces by combining world-renowned designers with the latest advances in construction technology.” His mission is nothing less than to “become the biggest home supplier in the world” and “to shake up the real estate industry” in the same way that Uber revolutionised the transport industry and Airbnb changed the hospitality sector.

Before K2, Antonio raised seed funding from 500 Startups, the world’s most prolific venture capital firm, and more are expected to follow suit.

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Reading Time: 2 minutes

In what can be seen as a major milestone for the Philippine startup sector, an innovative Makati-based company creating prefabricated designer homes became the country’s first “unicorn,” or startup worth more than $1 billion.

Reading Time: 2 minutes

In what can be seen as a major milestone for the Philippine startup sector, an innovative Makati-based company creating prefabricated designer homes became the country’s first “unicorn,” or startup worth more than $1 billion.

Revolution Precrafted Ltd. has raised its series B round co-led by Singapore’s K2 Venture Capital, valuing the company at over $1 billion, according to Tech in Asia. This makes the two-year old company also the fastest to achieve billion-dollar status in Southeast Asia, the news channel noted.

The company joins several unicorns in the K2 portfolio, namely Spotify, Magic Leap, Paytm, and Palantir. It now also sits alongside other billion-dollar startups in Southeast Asia such as Sea, Grab and Lazada based in Singapore, Traveloka and Tokopedia in Indonesia and VNG Corp in Vietnam

Revolution Precrafted has been founded by now 40-year-old Robbie Antonio, son of Philippine real estate czar Jose Antonio, founder and chairman of Century Properties, a developer of high-end real estate where Robbie serves as managing director. He is believed to have been the driver at Century to license branding deals with Forbes Media, Donald Trump, Giorgio Armani, Versace and Paris Hilton.

He’s turned to entrepreneurship to make designer homes “accessible to more people” and has them designed by renowned architects and designers like David Salle, Jean Nouvel, Sou Fujimoto, Tom Dixon, Marcel Wanders and the late Zaha Hadid. The homes are priced at an average of $120,000, can be ordered from the company’s web page and are shipped to anywhere in the globe in at least 90 days.

The company also offers other types of structures such as modular condominiums, retail stores, fitness centers, restaurants, hotels and even customised luxury tents, all of them individually created by designers and ready for instant delivery.

Antonio is convinced that Revolution Precrafted “democratises access to branded design of living spaces by combining world-renowned designers with the latest advances in construction technology.” His mission is nothing less than to “become the biggest home supplier in the world” and “to shake up the real estate industry” in the same way that Uber revolutionised the transport industry and Airbnb changed the hospitality sector.

Before K2, Antonio raised seed funding from 500 Startups, the world’s most prolific venture capital firm, and more are expected to follow suit.

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