AirCity receives seed funding from South Korean fund Sopoong
While the specific investment amount remains undisclosed, Le Hoang Nhat, the co-founder and CEO of AirCity, stated, “The funds will be allocated towards enhancing the platform by developing new features that support building operations. This includes integrating hardware devices that utilize facial recognition technology to enhance safety.”
Nhat further added, “We are also launching utility applications for residents and service-provider partners to optimize management efficiency and enhance the overall user experience.”
Established in 2021, AirCity leverages technology for efficient management of various properties, including rental buildings, dormitories, residential complexes, and offices. The company utilizes cutting-edge solutions like Internet of Things and AI to reduce costs for property owners and attract tenants. Their unique platform relies on accurate data to enable remote supervision, significantly increasing operational efficiency.
“Our system offers comprehensive management services, enabling property owners to handle daily tasks swiftly and accurately, while reducing expenses and enhancing operational effectiveness,” explained 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. Currently, AirCity oversees nearly 100 buildings, offering technological solutions across approximately 2,000 rooms, serving nearly 3,000 residents. The startup aims to manage 100,000 buildings across major Southeast Asian cities, providing a contemporary, greener, and safer living experience for millions of urban dwellers.
Apart from 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, has previous experience in the Vietnamese market, having invested in companies like Selex Motors, Cooky, and Forte Biotech. The fund primarily focuses on investing in startups that address societal issues and drive sustainable developmental impacts.