th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

VC Invests in Robbie Antonio's Startup, Now Valued at $256M

The real estate startup touted as PH's likely first unicorn gets $15.4 million in funding
By Lorenzo Kyle Subido |


Philippine-based real estate startup Revolution Precrafted just completed a series A funding round worth $15.4 million, putting the company's valuation at $256 million, according to a report by Tech In Asia.


Founded in 2015 by Filipino entrepreneur Jose Roberto "Robbie" Antonio, the startup sells made-to-order homes designed by world-renowned architects and delivers to anywhere in the world.


Antonio, managing director of Philippine listed firm Century Properties and son of the company chairman Jose E.B. Antonio, is aiming to disrupt the design and real estate industry through Revolution Precrafted’s lower price points and use of technology. On average, its prefabricated homes can be bought at about $300,000, a fraction of the cost of commissioning a well-known architect to design a house.


The funding round was led by global venture capital firm 500 Startups, which has invested in over 1,800 companies since its inception in 2010. Though the venture capital usually focuses on seed investments, the company told Tech In Asia that it “fought hard to get into the unusual deal.”


Antonio welcomed the deal, saying it affirmed Revolution Precrafted's growth prospects. "We are happy that we are the fastest-growing startup in the country," he said in a text message to Entrepreneur Philippines.



In an interview with Forbes Philippines magazine last year, Antonio explained that VCs are keen to invest in his startup because of its unique real estate business model. “The fact that we are asset-light makes us a very interesting play for VCs and investors," he said. He was referring to how his company doesn’t hold inventory and only needs to build when it receives an order, similar to Uber and Airbnb.


“With the company’s formidable value proposition and its borderless position, we believe it can be the first Philippine unicorn in a year’s time,” Antonio told Forbes Philippines, referring to a startup with a valuation of at least $1 billion.





Lorenzo Kyle Subido is a staff writer of Entrepreneur PH

Latest Articles

Why Every Entrepreneur Should Spend Less Time Looking at Screens

Don't let your mind and body deteriorate because you're too stubborn to take a break

byAnna Johansson | December 16, 2017 00:00:00

Potato Corner Reopens Branch in Marawi

The famous food cart is back just two months after the conflict ended

byPauline Macaraeg | December 15, 2017 09:00:00

Here's How Millennials Can Reach Financial Freedom

Ever heard of this thing called passive income?

byJennifer Spencer | December 15, 2017 08:00:00

Too Many Meetings Suffocate Productivity and Morale

If you're spending more than 20% of your time in meetings, you're not working fast enough and...

byGeorge Deeb | December 15, 2017 06:00:00

6 Ways to Make Sure Your Resume Gets Read

Advance to the interview round by sidestepping common mistakes with not-so-common solutions

byDan Scalco | December 15, 2017 02:00:00

Top 5 Tips to Succeed at a Self-Taught Career Path

Dream careers start with excitement about your craft and taking on challenges with gusto

byAmber Aultman | December 15, 2017 00:00:00

How Much Cut in Personal Income Taxes Can You Expect Under the Newly Ratified Tax Reform Bill?

President Rodrigo Duterte just needs to sign the bill and it will take effect 15 days later

byEntrepreneur Staff | December 14, 2017 16:00:00

Productivity Hack: Free Up Space on Your Mobile with Files Go

An app that frees up space, finds files faster, and easily shares them

byNicai de Guzman | December 14, 2017 10:00:00

Which PH Cities and Towns Have the Most and Least Bank Deposits?

If you have Php10 million in the bank, you have more deposits than at least 10 entire towns

byPauline Macaraeg | December 14, 2017 09:00:00

The Holy Trinity of Business Growth: People, Process and Metrics

How do you keep your company profitable as it scales above 50 employees?

byDoug and Polly White | December 14, 2017 08:00:00

3 Relationships That Will Build the Tribe Every Entrepreneur Deserves

Life is a team sport, and we cannot succeed alone

byKim Perell | December 14, 2017 06:00:00

Science Says You Can Do This Simple Action to Boost Your Memory

You have to listen to your own voice

byNina Zipkin | December 14, 2017 02:00:00