National real estate service Hogangnono has gained 2.3 billion won in Series A funding from CKD Venture Capital, KT Investment and IBK Capital. Existing investors Primer and KAIST Youth Business Investment-holding Company also took part in the latest investment.
Hogangnono is Korea’s first real estate information service that provides publicly accessible information for actual transactions and market prices. Data is conveniently displayed on a map and information divided up clearly, making it easy to navigate for both professionals and laymen alike.
The platform has received a particularly positive response from users for its services such as population statistics, apartment supply map and comparisons of collateral loans. Almost a year ago, Hongangnono told us that its monthly active users reached 100,000 and has seen continual growth since then, with the number of users increasing by an average of 32% over the past three months.
“In the future we plan to solve problems in the real estate market one at a time,” said CEO Sangmin Shim.
Kim Jin-su from KT Investment also commented on the funding saying, “Hongangnono has grown rapidly without any marketing by offering technology and a customer experience that sets it apart for existing real estate services. Looking at this growth trend, we look forward to Hogangnono taking off as the best real estate data platform in the country.”
