Bucketplace, the South Korea-based operator of home interior products marketplace Ohouse, has secured $70m in a series C round featuring internet group Naver.
The round was led by investment firm Bond and included alternative asset management firm IMM Investment, Mirae Asset Capital and Mirae Asset Venture Investment, subsidiaries of financial services firm Mirae Asset.
Ohouse is an app-based home décor service where consumers can purchase furniture and hire professional designers to kit out their property.
The community-oriented platform twins products curated by expert bloggers with a clean, confident aesthetic. Ohouse said its service has garnered increased business as more people are forced to work from home during the covid-19 pandemic.
The proceeds from the round will be used for product development and facilitate the roll-out of new home décor services. It comes after $4.5m in series B funding from Naver in October 2018, according to trade paper Pickool.
IMM Investment, Mirae Asset Capital and Mirae Asset Venture Investment all participated in the series C round as existing investors.
Seungjae Lee, chief executive of Bucketplace, said: “This new round of funding serves as a testament to the growth potential of Ohouse. We are excited to partner with a renowned global technology investor, Bond, and grateful to our existing investors who continue to trust us.
“We will strive to innovate the industry and provide our consumers with unparalleled solutions and excellent services that are tailored to their unique preferences.”