{"id":76156,"date":"2024-06-27T17:39:06","date_gmt":"2024-06-27T09:39:06","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=76156"},"modified":"2024-06-27T17:42:32","modified_gmt":"2024-06-27T09:42:32","slug":"tap-raises-pre-series-a-funding","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/tap-raises-pre-series-a-funding\/","title":{"rendered":"The Assembly Place secures S$5.33 million in pre-Series A funding, plans major expansion"},"content":{"rendered":"
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The Assembly Place (TAP), a prominent co-living operator in Singapore, recently raised S$5.33 million in a Pre-Series A funding round, surpassing the initial target of S$5 million. This funding signals TAP\u2019s growing influence and ambitious expansion plans in the co-living sector.<\/p>\n\n\n\n

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Details of the funding exercise<\/h2>\n\n\n\n

The Pre-Series A funding round, anchored by Apricot Capital, concluded with TAP securing S$5.33 million. The funding exercise lasted six weeks, starting in April 2024, and was led by Apricot Capital\u2019s Managing Partner, Darren Teo. This marks TAP\u2019s second major fundraising effort since its inception in 2019.<\/p>\n\n\n\n

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Investors and their contributions<\/h2>\n\n\n\n

The funding round saw participation from several significant investors, indicating confidence in TAP’s business model and prospects. Key investors included:<\/p>\n\n\n\n