AirCity secures seed funding from South Korean fund Sopoong

October 04, 2023 | 17:01
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AirCity, a Vietnamese tech-driven startup specialising in building management, announced an undisclosed seed round investment from South Korean-based Sopoong Ventures on October 3.
AirCity secures seed funding from South Korean fund Sopoong

While the exact amount of the investment remains undisclosed, Le Hoang Nhat, co-founder and CEO of AirCity, said, "The funds will be channelled into the platform to develop new features that support building operations. This includes integrating hardware devices that use facial recognition technology for enhanced safety."

"We are also launching utility applications for residents and service-provider partners to further optimise management efficiency and enhance the user experience," he said.

AirCity, established in 2021, utilises technology for the effective management of various properties, including rental buildings, dormitories, residential complexes, and offices.

The firm employs cutting-edge solutions like Internet of Things and AI to decrease costs for property owners and attract tenants. Their unique platform relies on accurate data to enable remote supervision to manage buildings, significantly increasing efficiency.

"Our system offers comprehensive management services, allowing property owners to handle daily tasks swiftly and accurately while also decreasing expenses and enhancing operational effectiveness," said Nhat.

In addition to building management, AirCity directly provides resident services such as repairs, cleaning, and brand partnerships to deliver essential products directly to residents.

AirCity currently oversees nearly 100 buildings, offering technological solutions across approximately 2,000 rooms and catering to nearly 3,000 residents. The startup’s ambition is to manage 100,000 buildings across major Southeast Asian cities and deliver a more contemporary, greener, and safer living experience for millions of urban dwellers.

Alongside Sopoong Ventures, a previous investor, Singaporean firm Antler, and several angel investors also participated in this funding round.

Sopoong Ventures, headquartered in Seoul, South Korea, is no stranger to the Vietnamese market, having invested in companies like Selex Motors, Cooky, and Forte Biotech in the past. The fund primarily invests in startups that address societal issues and drive sustainable developmental impacts.

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