‘Half-Price Commission’ Darwin Junggae Secures 3 Billion Investment from SoftBank Ventures and Fast Ventures
[Asia Economy Reporter Tae-min Ryu] Proptech startup Darwin Junggae is securing funds in the venture investment market to advance its services.
On the 2nd, Darwin Junggae announced that it had attracted 3 billion KRW in pre-Series A investment from SoftBank Ventures, Fast Ventures, and others. Darwin Junggae is a startup innovating the real estate brokerage market with the slogan "0 KRW brokerage fee when selling a house, half-price brokerage fee when buying a house." It offers consumers low commission benefits and provides licensed real estate agents with an online brokerage platform that enables real estate brokerage without expensive first-floor office spaces and advertising costs.
Darwin Junggae has shown rapid growth, surpassing 300,000 monthly active users (MAU) within just six months of launching its service. With this investment, it plans to expand its business area from apartments and officetels to overall housing, including one-room and villas, in the second half of this year. Early next year, it will also add services for commercial spaces and offices.
Additionally, it plans to continuously supply high-quality new brokers to the market by launching a new broker training program called the "Real Estate Startup Academy for 300,000 KRW."
Kang Dong-seok, Vice President of SoftBank Ventures, said, "We expect Darwin Junggae to establish itself as a major online platform by utilizing data and technology in the domestic real estate brokerage market, which is worth 10 trillion KRW annually."
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Kim Seok-hwan, CEO of Darwin Junggae, stated, "With this investment, we plan to build an IT-based brokerage infrastructure that allows most brokerage tasks to be handled via computers and mobile phones," adding, "We will provide difficult real estate information such as reconstruction feasibility analysis and development benefit analysis more easily so that no one falls behind in real estate investment due to information asymmetry."
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