Dongnae is a protech startup looking to digitize the rental and home-buying market in South Korea.
Dongnae is redefining the home search experience while actively participating in and helping to strengthen the local brokerage community.
Dongnae was founded in 2020 by Matthew Shampine. The company is headquartered in Seoul, Seoul, South Korea.
Dongnae partners with brokers to centralize all the listings into one place, and gives buyers and renters an interface to browse those homes. Dongnae offers a Tinder-like experience for buyers, letting them swipe left and right on homes to learn more and more about what they’re looking for and ultimately serve up the best fit.
Dongnae FLEX provides curated premium apartment rentals that will lower typical renters’ housing deposits by approximately 98%. Additionally, its Dongnae PLUS enables tenants to access home services, ranging from the appliance and furniture rentals to internet/cable and scheduled recurring.
Dongnae currently manages more than 60 of the top apartment complexes in Seoul and Pankgyo, South Korea’s Silicon Valley. Dongnae now has more than 80 official local brokerage partners.
Dongnae is backed by Flybridge Capital, NFX, MetaProp, Goodwater Capital, Daol Investment, Maple VC, Hana-Magna, Hana Financial, Fursys, Han River Partners, and others. The company raised $20.5M Series A ($16.4M in equity and $4.1M in debt) financing on Mar 23, 2022. This brings Dongnae's total funding to $29.4M to date.