Vietnamese start-up raises funds from three investors

Monday, Jul 23, 2018 16:04

Vietnamese real estate start-up successfully secured its second round of funding from three foreign investors. — Photo

Vietnamese real estate start-up has announced it has successfully raised funds from three foreign investors, including Genesia Ventures, Access Ventures and Mynavi Corporation.

The total amount of funding has not been disclosed. This was the firm’s second round of funding.

With new capital, Homedy will focus on two areas: Big Data and mobile apps.

Big Data will be used to analyse user data to help consumers make smart decisions, while the app will provide an enhanced search experience for users. will also continue to develop technology, recruit new people, and expand its market.

Founded in 2015 by Nguyen Ba Duc and Vu Minh Hieu, the three-year-old startup is a property portal in Viet Nam with over one million users. Homedy recently launched an interior design project called My Homedy, which aims to help people design their own home.

The owners have experience in digital marketing and communication. They used to operate online music website which was sold to Japanese Irep Co in 2014.

Currently available only in Ha Noi, said they would expand to Da Nang and Nha Trang by the end of this year. It would also expand to other Southeast Asian countries such as Indonesia and the Philippines in the next one to two years.

Genesis Ventures is a venture capital fund that supports tech startups in Japan and Southeast Asia. Founded by Soichi Tajima, former CEO of CyberAgent Ventures, Genesis Ventures has supported more than 40 companies in Japan, Indonesia, Viet Nam, Singapore and the US.

Access Ventures has focused on helping startups in Viet Nam, Indonesia and South Korea. The firm is led by Charles Rim and John Chang. Rim is head of mergers and acquisitions for Yahoo and Google in Asia. Chang is the co-chair of APAC for Barclays and also the CEO of Deutsche Securities Korea.

Mynavi is one of the leading Japanese companies providing human resource services and business-to-consumer (B2C) information channels. — VNS

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