Korea’s nationwide apartment information service provider, Hogang Nono, received USD 2 million from CKD Ventures, KT Investment, IBK Capital, and other investors. Most of the existing shareholders participated again in this round, including Primer and KAIST Ventures.
Hogang Nono is a user-oriented real estate information service that shows real transaction information on a map-based user interface. Users can receive information such as population statistics, a map of apartment availabilities, and consultation on mortgage plans. The average growth rate of active users in the past three months has been 32%.
Jin-Soo Kim, Investment Analyst at KT Investment, stated, “Through upgraded technology and user experience, Hogang Nono was able to grow quickly in comparison to the traditional real estate market without any marketing. With its current growth rate, we believe that Hogang Nono will become the best real estate information platform in Korea”.
David Sang-Min Shim, CEO of Hogang Nono said, “Going forward, we plan to solve the problems existing in the real estate market, one by one”.
(Top photo from Pixabay)
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This article, entitled “Apartment information service app Hogang Nono raises USD 2M”, was written in Korean by Minjung Kim of Platum, edited by AllTechAsia.