The South Korean startup THE ONEDER, the operator of the commercial building management software ‘Building Care,’ has received pre-Series A funding from Korea Investment Partners just eight months after securing seed investment last September. THE ONEDER is Korea’s first PropTech B2B SaaS startup offering software for commercial building management.

Traditionally, commercial building management has been conducted inefficiently through Excel and manual processes without any standardized methods, managed by individuals or companies. By using Building Care, anyone can easily and conveniently automate contract management status, billing calculation and dispatch, and a variety of other functions, thereby streamlining overall building management tasks and maximizing productivity.

Currently, approximately 350 small and medium-sized buildings, with an asset value of about KRW 4.8 trillion, are managed through Building Care. Since its official launch in August last year, it has started to spread in the real estate industry based on early customers’ success stories and high satisfaction. Its user base includes individual building owners, real estate agencies, real estate brokerage firms, real estate asset management companies, mid-sized companies, and large corporate affiliates, expanding beyond the metropolitan area to nationwide.

Based on this growth, monthly recurring revenue (MRR) has increased by approximately 600% since monetization began last August, and the churn rate of paying customers has remained at 0%. Additionally, they are actively attempting to expand their market through collaboration with S&I Corp., the largest space management company operating the building management brand ‘SANDY.’ Their product’s excellence has been recognized, leading to multiple collaboration proposals from major corporations aiming to innovate the commercial real estate market.

Korea Investment Partners, which participated in this investment, commented, “We were impressed by their ability to enhance actual payment value in a traditionally conservative sector through flexible and agile execution. We decided to invest after confirming the high trust and payment conversion rate among their client base.”

Minwoo Lee, CEO of THE ONEDER, stated, “With this investment, we plan to accelerate growth by securing talented individuals who will innovate the commercial real estate market. We aim to become the undisputed leader in the building management sector by providing differentiated services unique to Building Care.”