Korean proptech startup Rsquare raises $72M Series C to fuel its expansion
https://techcrunch.com/2021/11/14/korean-proptech-startup-rsquare-raises-72-6m-series-c-to-accelerate-its-new-business/
The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. A Seoul-based proptech startup called Rsquare built a data-driven platform to digitize the process, enabling tenants to compare multiple properties and find an office.
The startup has raised a $72 million (85 billion won) Series C round from a single backer STIC Investments, JohnWoo Lee, CEO of Rsquare, said in an interview with TechCrunch. The latest funding brings its total raised to approximately $95 million.