"Introducing Deposit-Free One-Room Apartments for Youth" Holostanding Completes Additional Investment Funding

[Asia Economy Reporter Kim Bo-kyung] Proptech startup 'Holostanding' announced on the 16th that it has completed additional investment from Lotte Ventures and SQubic Angels. This comes eight months after the initial investment from Kyungdong Invest.

Holostanding is a startup founded by CEO Kim Jun-young, who sold the Nipic service to Insight Lab, along with his team members. It is a service that allows young people in their 20s and 30s in the Seoul area to find one-room apartments without a security deposit.

According to Statistics Korea data, among those who moved into Seoul since 2019, 95% are in their 20s, making youth the overwhelming majority. A representative problem arising from the rapidly increasing number of young people flocking to the Seoul area within limited space is the 'poor housing environment issue.' To solve this problem, Holostanding provides a brokerage service for one-room monthly rent apartments without a security deposit through a monthly rent guarantee system.

Kim Jun-young, CEO of Holostanding, stated, "Our goal is to prioritize providing the most necessary services from the perspective of young people so that they can be guaranteed a minimum housing environment."

He added, "By building a trust system where landlords can trust tenants even without a security deposit, we aim to lower the opportunity cost of independence for young people and create a culture where landlords can operate rental businesses without worries about vacancies or unpaid rent."

This content was produced with the assistance of AI translation services.