Apartmentary Completes 45 Billion KRW Series C Funding Round

[Asia Economy Reporter Donghyun Choi] Interior service startup ApartMentary announced on the 15th that it has secured an additional 15 billion KRW in Series C investment, completing a total of 45 billion KRW in Series C funding.

Following the participation of Leverant Partners, Shinhan Financial Group, Korea Development Bank, Korea Investment & Securities, and Daol Investment in the Series C round last May, this additional investment included Samchully Asset Management and Nepstone Holdings. This brings the cumulative investment amount to 58 billion KRW.

Despite the industry facing temporary difficulties due to a sharp decline in housing transactions and rising material costs, ApartMentary has shown growth, with remodeling contract amounts from January to August this year increasing by 330% compared to the same period last year. Considering the current interior remodeling contract figures, it is expected to achieve the highest quarterly sales in the second half of this year.

ApartMentary plans to use most of the newly secured funds for internal and external investments to strengthen its industry leadership. The company will focus on enhancing its strengths in design and material quality and developing IT systems to advance its services. In response to rapidly changing market conditions, it will actively pursue market share acquisition through mergers and acquisitions and strategic investments.

Yoon Soyeon and Kim Junyoung, co-CEOs of ApartMentary, stated, “This investment will be used to strengthen internal capabilities and enhance business competitiveness through external investments and acquisitions, enabling us to stably provide customer-centered interior remodeling services under the company’s core value of ‘transparent innovation.’ In particular, we plan to expand our home furnishing and material PB brand businesses to increase customer touchpoints and establish leadership as a K-living brand through global expansion, including Singapore.”

Lee Changseok, Vice President of Samchully Asset Management, said, “ApartMentary is an innovative company that has developed advanced interior remodeling services and products based on customer experience big data, and is leading industrial paradigm shifts through digital transformation technologies such as price and contract standardization, process improvement, and the introduction of financial products. We invested because we judged it to be a company with great growth potential led by capable management that can realize various expansive businesses across residential culture.”

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