About HouseArica
HouseArica is a company based in Lagos (Nigeria) founded in 2017 by Nnamdi Chukwuebuka and Ndifreke Ikokpu.. HouseArica has raised $525 thousand across 2 funding rounds from investors including SSE Angel Network, Future Africa and ARMLABS. HouseArica operates in a competitive market with competitors including PropertyGuru, Property Finder, Lone Wolf Technologies, HomeSpotter and Imobiliare.ro, among others.
- Headquarter Lagos, Nigeria
- Founders Nnamdi Chukwuebuka, Ndifreke Ikokpu
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Sectors
Real Estate & ConstructionTechnology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$525 K (USD)
in 2 rounds
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Latest Funding Round
$400 K (USD), Seed
Mar 24, 2023
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Investors
SSE Angel Network
& 7 more
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Employee Count
Employee Count
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Funding Insights of HouseArica
HouseArica has successfully raised a total of $525K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $400 thousand completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $400,000
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First Round
First Round
(19 Nov 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - HouseArica | Valuation | SSE Angel Network , Future Africa | |
| Nov, 2021 | Amount | Seed - HouseArica | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HouseArica
HouseArica has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include SSE Angel Network, Future Africa and ARMLABS. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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ARMLABS is engaged in providing online news updates.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HouseArica
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HouseArica
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Housearica Comparisons
Competitors of HouseArica
HouseArica operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PropertyGuru, Property Finder, Lone Wolf Technologies, HomeSpotter and Imobiliare.ro, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Real estate properties are discovered via an online portal.
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| domain | founded_year | HQ Location |
Web-enabled CRM platform is provided for real estate enterprises.
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| domain | founded_year | HQ Location |
SaaS software for real estate operations and management is provided.
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| domain | founded_year | HQ Location |
Branded home search apps for real estate agents are developed.
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| domain | founded_year | HQ Location |
An online platform for real estate listings is operated.
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| domain | founded_year | HQ Location |
CRM and marketing solutions are provided for real estate agents.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Housearica
Frequently Asked Questions about HouseArica
When was HouseArica founded?
HouseArica was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is HouseArica located?
HouseArica is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of HouseArica?
Nakia White is the current CEO of HouseArica.
Is HouseArica a funded company?
HouseArica is a funded company, having raised a total of $525K across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Nov 19, 2021.
What does HouseArica do?
HouseArica was founded in 2017 in Lagos, Nigeria, as a provider in the blockchain-enabled real estate sector. Operations focus on a decentralized platform that manages the construction supply chain from yard to development site for developers. HAF tokens, issued on the WAVE blockchain, facilitate property buying, selling, renting, management, and payments for rent and utilities across the ecosystem.
Who are the top competitors of HouseArica?
HouseArica's top competitors include PropertyGuru, Lone Wolf Technologies and Property Finder.
Who are HouseArica's investors?
HouseArica has 8 investors. Key investors include SSE Angel Network, Future Africa, ARMLABS, CV VC, and Startupbootcamp.