Vietnam’s real estate connection platform Homedy.com has raised its second round of funding from Japanese early stage investor Genesia Ventures, impact investment firm Access Ventures and Mynavi Corporation – DealStreetAsia reported.
Financial terms were undisclosed but Mynavi Corporation is said to have led the round.
Return backer Genesia Ventures, which injected funds in Homedy.com in June last year along with Pix Vine Capital, is the biggest investor in the startup.
Homedy was launched in 2015 by Duc Nguyen and Hieu Vu. The duo hold extensive expertise in the digital marketing and media industries in Vietnam, having run 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.
Following the fundraise, Homedy will focus on big data and mobile app, develop its real estate portal platform, hire key personnel, and expand to foreign markets. The company will also launch its interior design project, My Homedy, which will help users design their own home.
By the end of the year, Homedy.com will have branches in Da Nang, Nha Trang and targets to expand the market to Southeast Asia such as Indonesia, Philippines by 2020, it said in an announcement.
“Homedy.com has grown rapidly following the fund’s investment last year,” said Yuto, Principal of Genesia Ventures, adding that he expects Homedy to be the one-stop real estate platform with an extensive database of business as well as interior design.
Genesia Ventures was set up in August 2016 and is led by Soichi Tajima, the former CEO of Cyberagent Ventures. The firm focuses on the seed and pre-series A stages across various sectors, including new economy, digital media, AI and robotics.
The Japanese early stage investor plans to raise its second fund with a target corpus of $80-100 million next year that will focus on investments in both Japan and Southeast Asia, the VC firm’s CEO told DEALSTREETASIA in a recent interaction.
Mynavi is one of the leading Japanese companies providing human resources services and B2C information channels, including a website for renting real estate information. Access Venture is focused on supporting startups in Vietnam, Indonesia and South Korea. The VC firm is led by two management partners – Charles Rim and John Chang. Rim led the M&A deal of Yahoo and Google in Asia with extensive experience in technology investment and VC while Chang is the co-chair of APAC for Barclays and CEO of Deutsche Securities Korea.