HOMA2u operates an online marketplace for new and overstock materials used in interior design and renovation. The company centers sustainability in its business model, tracking carbon reductions from repurposing overstock materials and planning to work with regionally certified environmental consultants to quantify supply-chain impact. It reports that each sale of overstock tiles saves roughly 16.42 kg of CO2 per m² and has set a goal to cut 7.5 million kilograms of carbon emissions by the end of 2024. HOMA2u plans to establish industry standards and issue green certificates to partner businesses to ensure transparent carbon accounting. To date the platform has served over 8,000 homes and moved more than MYR20 million (about $4.24 million) in overstock inventories. The company raised an additional $625,000 in its pre-Series A and plans to use the funding to support regional expansion and scale its environmental measurement efforts. HOMA2U is a Malaysia-based startup that operates a marketplace for renovation and interior design materials. The company aims to develop its product offerings and promote a circular economy within the renovation and interior design industry. It plans to use new capital to expand its regional footprint and capitalisation value and to open 18 Yellow Boxes, unmanned interior product showrooms, across Malaysia and Singapore. HOMA2U expects to grow its business threefold and aims to establish its first Yellow Box in Singapore as early as Q3 2023. The startup previously raised 2.4 million Malaysian ringgit in 2021 from Warisan Quantum Management and ScaleUp Malaysia (with Quest Ventures Pte Ltd as investment partner) and was recognised as a top 10 startup in Cohort 2 of the ScaleUp Malaysia Accelerator programme.

Total raised

$2M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2024