Korean proptech startup Dongnae gets $4.1M seed extension led by NFX
The real estate market in South Korea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. Founded in 2020 by a former WeWork executive, Dongnae wants to create a centralized base for brokers, serving as a multiple listing system (MLS). Since its first seed round last year, Dongnae has increased its brokerage partners to more than 70. Today the startup announced it has raised a seed extension of $4.1 million, doubling its total raised to $8.2 million.