Korean proptech start-up Dongnae gets $4.1 M seed extension led by NFX
The realty market in South Korea is extremely fragmented, which means people often have to deal with dozens of brokers prior to they find a brand-new house. Established in 2020 by a former WeWork executive, Dongnae wishes to develop a centralized base for brokers, functioning as a several listing system (MLS). Considering that its very first seed […] The new financing was led by investment fund NFX, with participation from returning financiers Flybridge and MetaProp, who led Dongnae’s very first seed round. Dongnae also likewise revealed release of its Android app today. The name of our very first partner is Global Real Estate, based in Yongsan, and they were really the brokerage that helped me find my individual apartment around the time we began Dongnae,” stated Shampine. …
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