Interior Service 'Apartmentary' Secures 45 Billion KRW Series C Funding

[Asia Economy Reporter Ryu Tae-min] Interior startup Apartmentary announced that it has finalized a Series C investment totaling 45 billion KRW.

This additional investment included participation from Samchully Asset Management and Nepstone Holdings. Earlier in May, Leverant Partners, Shinhan Financial Group, Korea Development Bank, Korea Investment & Securities, and Daol Investment had participated in the Series C investment. With this, the cumulative investment amount reached 58 billion KRW.

Apartmentary's remodeling contract amount from January to August this year increased by 330% compared to the same period last year. Considering the interior remodeling contracts concluded so far, Apartmentary expects to achieve the highest quarterly sales in the second half of this year.

Apartmentary plans to use the secured funds to further enhance its strengths in design and material quality, develop IT systems, and advance its services. Additionally, in response to rapidly changing market conditions, it aims to actively expand market share through mergers and acquisitions and strategic investments.

Yoon So-yeon and Kim Jun-young, co-CEOs of Apartmentary, stated, “This investment will be used to strengthen internal capabilities to stably provide customer-centered interior remodeling services and to enhance business competitiveness through external investments and acquisitions. We will actively expand our home furnishing PB brand and material PB brand businesses to increase customer touchpoints.”

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