The operator of the urban redevelopment association management platform ‘Chongone‘, the South Korean company Readypost, has raised KRW 2 billion in a pre-Series A funding round. The investment saw participation from KB Investment and ES Investor, with discussions underway with other investors for follow-up investments through a multi-closing approach.

Launched in 2019, ‘Chongone’ is a platform offering electronic signature and voting services to urban redevelopment associations and commercial building management associations. Last year, it was granted permission to start a demonstration project by the Ministry of Land, Infrastructure and Transport and the Ministry of Science and ICT.

Readypost, a prop-tech startup, provides IT services centered on real estate, focusing on the real estate general meeting market (including establishment meetings and management association gatherings), which is worth over KRW 1 trillion. It has introduced IT services to replace the cumbersome offline general meeting tasks, offering customers a convenient way to conduct meetings and providing legal protection. This makes it the first online service exclusively for real estate general meetings in South Korea.

Se-Byung Kwak, CEO of Readypost, stated, “Chongone has rapidly grown from securing seed investment just five months after its launch to attracting this investment. This success is a result of being recognized by the market and investors for its excellence, aligning with the government’s focus on enhancing transparency and the speed of redevelopment projects.”