The real estate content platform Newgle announced on the 1st that it has been selected for the Ministry of SMEs and Startups' innovation growth support program 'LIPSⅠ' and has received 500 million won in financial support.
Newgle plans to invest the funds secured this time in service enhancement and workforce expansion. It aims to strengthen the provision of data-driven, personalized real estate content and solidify its leadership in the domestic real estate content market.
Newgle is creating customized educational content for real estate beginners in their 30s and 40s as well as reports for transactions between corporations (B2B). It is securing diversity in content through a collaboration system with small- to mid-sized creators. It has also filed a patent for 'personalized paid content provision and subscription membership management server and method.'
Jeong Woo-ryong, CEO of Newgle, said, "The selection for LIPSⅠ recognizes both the value of 'spreading a healthy investment culture' that Newgle strives for and its business achievements." He added, "With this financial support as a stepping stone, we will provide in-depth and reliable real estate content to users and grow into the leading real estate content platform in Korea."
Through this LIPSⅠ selection, Newgle plans to diversify its revenue models, including ▲paid subscriptions ▲sales advertisements ▲B2B reports ▲B2G. It has set a goal of achieving annual revenue of 5 billion won by next year.