# R Square Real Estate Brokerage Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/r-square-real-estate-brokerage

- Industry: Commercial Property
- Headquarters: Seoul, South Korea
- Website: www.rsquare.co.kr
- Total disclosed funding: $72M
- Latest round: Series C (Nov 15, 2021)
- Investors on record: 1

## About

R Square Real Estate Brokerage Corporation is a South Korean firm specializing in providing integrated commercial real estate solutions, addressing market inefficiencies and ensuring transparency for clients seeking diverse property services.Founded in 2009 in Seoul, South Korea, R Square Real Estate Brokerage Corporation operates in the commercial real estate sector, offering a range of services. David Yeom, the founder, has a track record in real estate service provision. The company has successfully completed 5 deals, with the most recent on November 15, 2021, during which it raised KRW 85 billion in Series C funding from STIC Investments, bringing the total amount raised to KRW 85 billion.RSQUARE is a comprehensive service provider in the commercial real estate sector, offering an integrated suite of solutions designed to address market inefficiencies and enhance transparency. The company's core product offerings include office leasing, logistics center leasing, retail leasing, property management, and asset management, coupled with specialized services in interior design and architecture. RSQUARE aims to simplify the complex real estate lifecycle for its clients by providing a one-stop solution that caters to the diverse needs of businesses looking for commercial spaces. Its client base encompasses a wide range of businesses, from startups seeking office spaces to large corporations requiring custom logistics centers. RSQUARE operates in various geographical markets, notably expanding its services into Vietnam, where it has recently entered the local interior design sector.The revenue structure of RSQUARE is anchored in transactional relationships with its clients, facilitated through various service agreements and consulting engagements. Clients typically engage RSQUARE for comprehensive property services that include office leasing and asset management, resulting in a blend of fees for service rendered. These transactions can involve direct client contracts for leasing agreements and management services, where clients are billed based on the scope of services provided. Additionally, RSQUARE's involvement in sectors such as property management and architectural design contributes to its revenue through project-based pricing and ongoing management fees. The company's focus on comprehensive service delivery positions it as a key player in the commercial real estate market, attracting a diverse clientele looking for reliable and integrated real estate solutions.Looking ahead, R Square Real Estate Brokerage Corporation plans to leverage its recent funding of KRW 85 billion raised in Series C to develop an AI-based proptech platform. This initiative aims to enhance its capabilities in commercial building transactions and fulfillment center brokerage services. The company also intends to expand its workforce to 400 employees by next year as part of its growth strategy. Additionally, RSQUARE is exploring opportunities to enter new markets, specifically targeting Vietnam for further expansion in its real estate offerings, particularly in the interior design sector.

## Funding rounds

- Series C, Nov 15, 2021, $72M — STIC Investments

## Investors

- STIC Investments (https://capitalatlas.ai/funds/stic-investments) — Series C