In brief: HK home improvement site gets funding for China, Southeast Asia growth

HKDecoman.com, a company focused on digitalizing and simplifying the traditional renovation industry, announced that it has raised an eight-digit Hong Kong dollar funding in October, valuing it at US$6.4 million. The investors involved are well-known property developers and entrepreneurs in the city.

With this investment, HKDecoman will actively make use of its strategic collaboration with investors to expand its online to offline services within the Hong Kong market, and to consolidate its subsidiary engineering companies, online web store HKDecoMall, and its educational website.

Source: HKDecoman

The startup also said it will begin promoting its platform in the rest of the Greater China region as well as Southeast Asia.

HKDecoman matches customers who are renovating their homes with service providers and consultants. Its ecommerce site HKDecoMall sells power tools and building supplies as well as DIY educational material. The company claims that over 1,500 renovation companies have registered on its website.

Currency converted from Hong Kong dollars. Rate: US$1 = HK$7.82