Fractional-ownership marketplace Goro has snagged $1 million U.S. in pre-seed funding to expand workforce and increase regional user base.

The funding round, which was led by early-stage VC Iterative, saw participation from XA Network, StashAway and Mike Broomell, Goro said in a statement to media.

Goro, headquartered in Jakarta, Indonesia, enables people to invest in high-yielding properties from as little as IDR10,000 ($0.7 U.S.). It also allows them to input data and quickly sell their properties with a maximum transaction value of IDR400 million.

Goro serves users from more than 20 countries and its user base has been expanding 15% per week since its establishment earlier this year.

“Everyone aspires to invest in property, but the obstacles of financial entry barriers and complex procedures deter many individuals. Goro aims to address these challenges and enable anyone, regardless of their location, to build a high-yielding property portfolio,” said its co-founder and chief executive officer Robert Hoving.

“We will eventually expand into other cities across Jakarta and Bali, as well as other asset classes.”

The funding follows Series C investment in rental proptech company Travelio in April.

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