Vietnam: Genesia Ventures, Pix Vine lead seed investment in realty portal Homedy

Japanese early stage investor Genesia Ventures has co-led a funding round in Vietnamese startup, Homedy.com, along with Singapore investment house Pix Vine Capital.

Financial terms were undisclosed.

This comes on the heels of Genesia investing in another Vietnamese startup, Luxstay, , modelled on Airbnb.

The Homedy investment comes at a time when the local property listing area is buzzing with deal activity with Batdongsan.com.vn getting acquired by Southeast Asia’s largest player PropertyGuru, and Ho Chi Minh City-based Gachvang securing a $500,000 funding round.

“The Vietnamese real estate market is poised for strong growth. But finding a good home can be a long and complex process. We believe Homedy will solve the problems,” said Yuto Kono, associate at Genesia Ventures.

Homedy was launched two years ago 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.

The founders said Homedy differentiated itself from other real estate portals in information reliability.

“These days, users are overloaded with real estate information and advertisement such as phone and email spams, SMS offers, TVCs, Facebook, and Google ads. Using our experiences with online advertising, we hope to build a smarter marketplace for property listings,” said Vu.

The seed funding will be used to make key hires and expand the company’s product offerings across Vietnam, Homedy said in a statement.

The startup has listings of nearly 3,500 real estate projects and over 150,000 housing units on its website.

Genesia Ventures, kickstarted by former Cyberagent Ventures CEO Soichi Tajima, is starting its active role in the Vietnam tech space with two investments announced within only a week.

Meanwhile, Pix Vine Capital has co-invested in a number of Vietnamese startups along with Cyberagent Ventures.

Also read:

Genesia Ventures invests in Vietnam’s Airbnb-like startup Luxstay

PropertyGuru buys batdongsan.com.vn, Cyberagent exits

Vietnam: Realty platform Gachvang secures $500K from angel investors

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.