Vietnam’s realty portal Homedy raises funding from Genesia Ventures, others

Photo by Ngo Tung on Unsplash

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.

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.

Also Read:

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

Exclusive: Genesia to raise $80-100m second fund next year to invest in Japan, SEA 

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.