NEWEYE Raises KRW 300M in Seed Round
NEWEYE, a South Korea-based startup specializing in tax solutions for assets such as real estate, has raised KRW 300 million in seed funding.
NEWEYE, a South Korea-based startup specializing in tax solutions for assets such as real estate, has raised KRW 300 million in seed funding.
In addition to the seed investment, NEWEYE received an average of 50 million won in commercialization funds.
Investors
The investment was from Series Ventures, a startup incubator and privately owned VC firm based in Changwon, South Korea. Its ultimate goal is to deliver disruptive products, brands, and services. Founded in 2017, the firm prefers to invest in companies operating in the b2b, smart healthcare, enterprise, beauty care, social, creative, platform, and smart engineering sectors.
NEWEYE Use of Funds
NEWEYE provides an AI-based real estate tax calculator platform. It offers an AI-driven tool to help users calculate property and real estate taxes. It allows users to input details about property, such as location, size, and value, and the AI system then calculates the estimated tax liability. The company utilizes artificial intelligence to find the optimal tax type for various asset-related taxes, including acquisition, holding, gift, and inheritance taxes.
Funding Details
Company: NEWEYE CORPORATION Co., Ltd
Raised: KRW 300.0M
Round: Seed Round
Funding Month: July 2024
Investors: Series Ventures
Company Website: https://taxai.kr/
Software Category: Tax AI
