09:07 (GMT +7) - Monday 10/12/2018

Property

Homedy.com raises new funding

Released at: 09:33, 26/07/2018

Homedy.com raises new funding

Photo: Homedy.com

Local online real estate platform receives investment from South Korean and Japanese funds.

by Hong Nhung

Vietnam-based online property listing site Homedy.com announced recently it has successfully raised new investment capital from three large funds: Genesis Ventures, Access Ventures, and Mynavi Corporation. This is the startup’s second success, after securing fundraising from Genesis Ventures and Pix Vine Capital in May last year.

Founded in late 2015, Homedy.com has received support from prestigious investment funds such as ESP Capital, Pix Vine, and Genesis Ventures thanks to the dedication and long-term vision of the founding team. Three years since it first successfully raised capital, Homedy’s website has reached over 1 million users and provides maps, a list of facilities nearby properties, and an optimal user experience.

Its co-founders are Mr. Nguyen Ba Duc and Mr. Vu Minh Hieu, who are experts in online technology and media in Vietnam. “The biggest difficulty initially was that I didn’t have a thorough knowledge of real estate,” said Mr. Duc. “There are many real estate websites operating very well. When starting a business in this field, we had to differentiate ourselves to provide value to users.”

Mr. Hieu, who is responsible for building the technology platform for Homedy.com, spoke of plans for technological development. “Homedy will focus on two areas - big data and mobile apps,” he said “We will analyze user data and then build a suggestion system for smart real estate users. With our apps, we will optimize the user experience so that they can search for real estate with ease.”

Mr. Yuto Kono, Principal of Genesis Ventures, a technology investment fund for startups in Japan and an existing investor of Homedy, believes in the potential it possesses. “Homedy has already recorded rapid growth since our investment in the seed round last year,” he said. “In the future, we believe that not only will it be a search engine for real estate but will also develop into a one-stop real estate platform with interior design and property database businesses.”.

“Rather than just creating a listing business, Homedy is building a comprehensive portal for real estate, covering all aspects in buying or renting a home,” said Mr. Daniel Song, Senior Associate at Access Ventures.

“Vietnam’s real estate market is growing rapidly,” Mr. Tran Manh Hung, Head of the Vietnam Business Development Department at Mynavi Corporation, noted. “There are still many issues to address, however, such as UI/UX, which has not been optimized as yet, and a lot of information on other real estate portals can’t be guaranteed in terms of accuracy and reliability. We believe that Homedy will provide an excellent user experience and trustworthy information.”

The new capital will help Homedy develop its real estate portal and human resources and expand markets. Its interior/exterior design project, My Homedy, creates the most convenient home for users. Homedy will expand its branch network this year to Da Nang and Nha Trang. In the next one or two years, once operating stably in Vietnam, it will expand to Southeast Asia, such as Indonesia, the Philippines, and elsewhere.

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