Vietnam’s Online Real Estate Startup Homedy raises funding from three foreign funds

Mon Jul 23, 2018 - 7:25am UTC

23/7/2018 – Vietnamese real estate connection platform Homedy.com has raised its second round of funding from three foreign funds, including early-stage investor Genesia Ventures, impact investment firm Access Ventures, and Mynavi Corporation.

Financial terms of the round were not disclosed but Mynavi Corporation, one of Japan’s major companies providing B2C information and human resource services is said to have led the investment round.

“Homedy.com has grown rapidly following the fund’s investment last year,” said Yuto Kono, the Principal of Genesia Ventures, adding that he expects Homedy to become the one-stop real estate platform with an extensive database of business and interior design.

Genesia Ventures is a return backer, having previously injected funds in Homedy last June, along with Pix Vine Capital. The firm was set up in August 2016 and is led by Soichi Tajima, the former CEO of Cyberagent Ventures. It focuses on the seed and pre-series A stages across various sectors, including new economy, digital media, AI, and robotics.

Access Ventures, on the other hand, is an investment firm focused on supporting startups in Vietnam, Indonesia, and South Korea. It is led by two management partners Charles Rim and John Chang. Rim is experienced in technology investment and was the one who led the M&D deal between Yahoo and Google, while Chang is the co-chair of APAC for Barclays and CEO of Deutsche Securities Korea.

Following the investment, Homedy will focus on developing the realty’s mobile app and big data, as well as to improve its real estate portal platform and launch its interior design project, Mr. Homedy which will help users design their own home.

Remaining capital will then be used to hire key personnel and expand to foreign markets. By the end of the year, Homedy plans to have branches in Da Nang, Nha Trang and targets to expand the market to Southeast Asia countries Indonesia and Philippines by 2020.

Homedy was launched in 2015 by Duc Nguyen and Hieu Vu, who hold extensive expertise in the digital marketing and media industries in Vietnam. The duo previously ran music streaming pioneer NgheNhac.info which was founded in 2003 and digital advertising company Moore.vn which was acquired by Japan’s Irep Co in 2014.

Homedy is one of the leading names in the property search market in Vietnam with one million users. It acts as an intermediate platform for both sellers and buyers – providing them with extensive real estates information like location-on-map, surrounding utilities, and many more.

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