|Monday, 5 September 2022, 15:43 HKT/SGT|
SEOUL, S.KOREA, Sept 5, 2022 - (ACN Newswire) - HK DECOMAN Technology Ltd ("DECOMAN") is expanding its footprint in Korea to capture the opportunities of growing demand for its services. With Taiwan expansion beginning in January, Korea will be the second APAC market DECOMAN entered in 2022.
|Coworking space at the KSGC campus|
|Coworking office shared between talented entrepreneurs and promising startups selected by KSGC|
|Pen Ventures and DECOMAN in Korea|
|SparkLabs Taipei DemoDay 6|
Recognized by Korean Government's Accelerator Program
Out of 2,653 companies applying from 122 countries, DECOMAN is among the top 54 startups this year selected by K-Startup Grand Challenge (KSGC), a global startup accelerator program organized and financed by the Korean government, to enhance the local entrepreneurship ecosystem. As a KSGC participant, DECOMAN team has been utilizing the facilities and coworking spaces at the KSGC campus in Pangyo Techno Valley, a technology hub near Seoul, to build its K-network and foundation.
Support from International VC Firm
In addition to the guidance and opportunities that DECOMAN can gain from KSGC, California venture capital firm Pen Ventures also sails along the journey (https://www.fnnews.com/news/202208160811387147) with DECOMAN by being its mentor and sharing its extensive network. In the coming months, DECOMAN will make solid progress in respect of its planned road map.
Proven Success in Taiwan Expansion
Earlier this year, DECOMAN entered Taiwan and debuted at SparkLabs Taipei DemoDay 6 (https://meet-global.bnext.com.tw/articles/view/47581), kicking off its operation and bringing innovation to the Taiwanese renovation market.
Expanding despite the Pandemic
In 2021, DECOMAN received investments from international startup accelerator SparkLabs Taipei, and was invited to participate in SparkLabs Taipei DemoDay 6 in January 2022. DECOMAN has since been in discussion with several local investors to prepare for the next stages. As of now, the renovation-design matching service and "Deco Academy" courses have already been introduced to the locals. Notwithstanding the impacts of the pandemic, DECOMAN has made a strong foundation in Taiwan by recruiting Taiwanese staff to enable rapid executions adaptable to local lifestyles as well as concrete social media presence for content sharing.
DECOMAN is a fast-growing one-stop O2O renovation platform, aiming to disrupt the traditional renovation industry by bringing standardization, transparency, convenience and automation to the industry. DECOMAN does it all. With DECOMAN, homeowners no longer need to rely on risky and primitive ways to ascertain a company's credibility and quality of service, nor do they need to worry about mastering a wide range of knowledge for a one-time project. DECOMAN has been backed by large players in the property industry and is currently valued at US$27M.
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Topic: Press release summary
Sectors: Construct, Engineering
From the Asia Corporate News Network
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