• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

Korean startup Dongnae gets $4.1 million seed extension

by News Desk
May 21, 2021
in Business, New
Reading Time: 1 min read
Dongnae
Share on FacebookShare on Twitter

The real estate market in South Korea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. Founded in 2020 by a former WeWork executive, Dongnae wants to create a centralized base for brokers, serving as a multiple listing system (MLS). Since its first seed round last year, Dongnae has increased its brokerage partners to more than 70. Today the startup announced it has raised a seed extension of $4.1 million, doubling its total raised to $8.2 million.

The new funding was led by investment fund NFX, with participation from returning investors Flybridge and MetaProp, who led Dongnae’s first seed round. NFX general partner Pete Flint, who co-founded Trulia and is a former Zillow board member, will join Dongnae’s board. The startup’s other investors include Goodwater Capital, Maple VC and strategic angel investors in South Korea and the United States.

“It’s an exciting time of growth at our company, and we want to make sure that we are executing our go-to-market plan,” founder Matthew Shampine, who formerly ran WeWork Asia, told about the seed extension. “Pete Flint and [principal] Brittany Yoon at NFX bring an amazing combination of real estate expertise and Korean startup experience that will be invaluable to Dongnae.”

Tags: DongnaeMLSNFXSouth Korean
News Desk

News Desk

Related Posts

Budget 2023-24: Pakistan plans to hike prices of cars

Budget 2023-24: Pakistan plans to hike prices of cars

In the upcoming fiscal year 2023-24 budget, the federal government is considering imposing a withholding tax (WHT) on locally built...

Govt sets 3.5pc GDP growth target for FY 2023-24

Govt sets 3.5pc GDP growth target for FY 2023-24

Pakistan's government established a 3.5 percent GDP growth target for the fiscal year 2023-24, with agriculture growing at 3.5 percent,...

Ishaq Dar vows to steer country out of existing hardships

FM Ishaq Dar vows to steer country out of existing hardships

Finance Minister Ishaq Dar vowed on Saturday to help steer the country out of its current predicament. While speaking to...

PIA announces to restore Karachi-Skardu flights

PIA announces to restore Karachi-Skardu flights

This move comes as part of the airline’s initiative to promote tourism in Pakistan. Initially, the Pakistan International Airline (PIA)...

Is Pakistan launching digital currency?

Is Pakistan launching digital currency?

After excellent development in digital banking, the State Bank of Pakistan (SBP) plans to establish a digital currency in the...

Pakistan to Kick off Barter Trade with Iran, Russia and Afghanistan

Pakistan to Kick off Barter Trade with Iran, Russia and Afghanistan

The federal government has recently introduced a 'Business-to-Business (B2B) Barter Trade Mechanism' for trade with Iran, Afghanistan, and Russia. This...

Next Post
GDP

Pakistan’s GDP expected to Grow by 3.94% in FY2021

Please login to join discussion

Recent Posts

  • Two soldiers martyred in skirmish with terrorists in Bannu: ISPR
  • Court dismisses case against Yasmin Rashid
  • Budget 2023-24: Pakistan plans to hike prices of cars
  • Here is How Many Pakistani Universities Make It to the Times Impact Rankings 2023
  • Sindh to establish international standard resort at Keenjhar Lake

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk