# Lucentblock

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lucentblock

- Industry: Software
- Headquarters: Daejeon, South Korea
- Website: www.sou.place
- Total disclosed funding: $25M
- Latest round: Series B (Nov 23, 2023)
- Investors on record: 11

## About

Lucentblock is a real estate tokenization platform that democratizes property ownership by enabling individuals to invest in real estate assets through fractional shares. This innovative system broadens access to real estate investments for a diverse audience.Founded in 2018 in Daejeon, South Korea, Lucentblock specializes in tokenizing real estate assets to enhance accessibility for investors. The company has successfully secured a total of KRW 15 billion in Series B funding as of November 2023, with key investors including Etri Holdings and Korea Development Bank. Phillip Huh, the founder and current CEO, has previously been involved in establishing other ventures, contributing to Lucentblock's strategic direction in the evolving financial landscape.Lucentblock operates a pioneering real estate tokenization platform known as '??' (meaning 'Ownership'), which allows individuals to invest in real estate assets through fractional shares. Users can purchase shares of high-value properties for minimal investments, facilitating seamless transactions and providing dividends based on ownership percentage. The service targets the South Korean market, with plans for future expansion as regulatory environments evolve, aiming to provide opportunities for both seasoned and new investors to earn passive income and benefit from capital gains.Lucentblock generates revenue primarily through transaction fees related to the buying and selling of fractional ownership in real estate assets on its platform. Each transaction allows clients to invest at a lower entry cost while receiving dividends based on their ownership stake. The company's revenue model focuses on compliance with financial regulations and ensuring a secure investment environment, positioning it uniquely in the market as the first domestic example of a Security Token Offering (STO).In November 2023, Lucentblock raised KRW 15 billion in Series B funding, which will be utilized to increase user touch points and enhance transaction volumes. The company is also planning to introduce new product offerings aimed at providing simplified and secure investment experiences. Furthermore, Lucentblock intends to expand its market reach beyond South Korea, targeting new geographic regions as regulatory conditions become favorable.

## Funding rounds

- Series B, Nov 23, 2023, $12M — Korea Development Bank, Hana Securities, Hana Ventures, Seoul Technology Holdings, Etri Holdings, Kyobo Securities
- Series A, Mar 11, 2022, $14M — Hana Bank, Korea Investment & Securities, Capstone Partners, Hana Securities, QUAD Ventures, Seoul Technology Holdings
- Seed, Sep 1, 2020 — Korea Tech Incubator for Startup, Seoul Technology Holdings

## Investors

- Korea Tech Incubator for Startup — Seed
- Seoul Technology Holdings (https://capitalatlas.ai/funds/seoul-technology-holdings) — Seed, Series A, Series B
- Hana Bank — Series A
- Korea Investment & Securities (https://capitalatlas.ai/funds/korea-investment-securities) — Series A
- Capstone Partners (https://capitalatlas.ai/funds/capstone-partners) — Series A
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series A, Series B
- QUAD Ventures (https://capitalatlas.ai/funds/quad-ventures) — Series A
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- Hana Ventures — Series B
- Etri Holdings — Series B
- Kyobo Securities (https://capitalatlas.ai/funds/kyobo-securities) — Series B