# HOW BUILD

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/how-build

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: http://www.howbuild.com
- Total disclosed funding: $19M
- Latest round: Series B (Aug 17, 2023)
- Investors on record: 7

## About

Based in South Korea, HOWBUILD provides an online platform that enhances collaboration in the construction sector, connecting property owners, architects, and construction firms for efficient project execution and management.HOWBUILD was founded in 2007 in Seoul, South Korea, focusing on improving the construction industry through digital solutions. The company has successfully completed 4 deals, with its most recent funding round occurring on August 17, 2023. HOWBUILD raised KRW 1.5 billion in Series B funding from Hana Ventures, bringing its total amount raised to KRW 1.5 billion and a current valuation of KRW 70 billion.Howbuild specializes in providing a comprehensive platform for the construction industry, facilitating collaboration among property owners, architects, and construction companies. Their core services include architectural design support, contractor selection, construction management, and post-completion property management, ensuring that construction projects are executed efficiently from inception to completion. With a focus on transparency and fairness, Howbuild utilizes data and expertise to streamline the construction process, offering services such as 3D BIM modeling and regulatory compliance checks to enhance project quality. The platform serves a diverse clientele, including individual homeowners, real estate developers, and contractors across South Korea and potentially in other international markets, addressing the complexities of construction management in various geographical locations.The revenue model of Howbuild revolves around providing a suite of professional services tailored to the needs of the construction sector. Clients engage with Howbuild through various transactional structures, including service fees for architectural consultations, contractor procurement, and project management services. The company implements a tiered pricing strategy based on the complexity and scale of the projects, with fees structured around specific deliverables such as architectural design packages and construction management oversight. By offering integrated solutions, Howbuild positions itself as a resource for clients seeking reliable support in their construction endeavors, which may include subscription-based access to specialized tools or ongoing support.In August 2023, HOWBUILD raised KRW 1.5 billion in Series B funding, which will be utilized to enhance its 'Fender' online construction management platform and improve operational manpower. The company is actively exploring opportunities to expand into international markets, although specific regions and timelines have not been disclosed. The recent funding will facilitate these initiatives and bolster Howbuild's service offerings.

## Funding rounds

- Series B, Aug 17, 2023, $1.1M — Hana Ventures
- Series B, Mar 4, 2022, $3.7M — SBVA, Kiwoom Investment, Murex Partners, Hana Ventures
- Series B, Jan 29, 2021, $12M — SBVA, Murex Partners, Lighthouse Combined Investment, Hana Ventures, SK D&D
- Series A, Nov 28, 2019, $2.5M — HonestAI Corp., Murex Partners

## Investors

- HonestAI Corp. — Series A
- Murex Partners (https://capitalatlas.ai/funds/murex-partners) — Series A, Series B
- SBVA (https://capitalatlas.ai/funds/sbva) — Series B
- Lighthouse Combined Investment (https://capitalatlas.ai/funds/lighthouse-combined-investment) — Series B
- Hana Ventures — Series B
- SK D&D — Series B
- Kiwoom Investment (https://capitalatlas.ai/funds/kiwoom-investment) — Series B