Urbanbase Secures $11M in Series C Funding to Accelerate Metaverse Innovation and Transform Smart Living

We are excited to announce that Urbanbase, the pioneering 3D spatial data platform and metaverse leader, has successfully raised 11,000,000 in its latest funding round. Founded in 2014, Urbanbase has rapidly grown to become a flagship startup that has already attracted over 23 billion won in investments from renowned venture capital firms and major corporations. By developing a comprehensive 3D mapping service that covers more than 95% of apartment complexes nationwide, Urbanbase has revolutionized public simulation services and paved the way for innovative digital experiences. Its cutting-edge technology, which incorporates VR, AR, and AI, is transforming how users and businesses interact with virtual environments. Urbanbase’s proven track record in providing best-in-class B2B SaaS solutions to some of the country’s most recognized home furnishing companies—including LG Electronics, Persis Group, Ilum, Casamia, and Lotte Hi-Mart—and its international collaborations with Japan’s Nitori and Dentsu, the world’s largest advertising agency, further underscore its industry leadership. The fresh capital injection of 11,000,000 will be strategically employed to accelerate Urbanbase’s ambitious journey into the B2C market, complementing its already successful B2B operations. This expansion is aimed at broadening its digital ecosystem, enhancing customer experiences, and reinforcing its position as the go-to platform in the rapidly evolving metaverse landscape. With plans for an IPO in 2023, Urbanbase is set to scale new heights by attracting top talent and driving innovation across both B2B and B2C sectors, marking a significant milestone for the company and the future of digital spatial services.