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- Encowithers
Encowithers Funding, Investors & Competitors
Encowithers has raised $101M across 2 funding rounds, most recently a $1M seed round in February 2025.
Last Encowithers funding round
$1M
Seed · Feb 2025
Cumulative funding Encowithers raised
$101M
across 2 funding rounds
Key investors in Encowithers
Kingospring
About Encowithers
Encowithers is a service platform providing infrastructure support for expatriates in South Korea, including housing, banking, and visa assistance. Seoul-based under Enkor, it offers short-term stays via its Stay Enkor app, partnering with local real estate firms for furnished apartments in Gangnam and Itaewon districts. Launched in 2022, the service caters to digital nomads and international students with integrated SIM card activation and tax filing guidance.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
Sectors
Encowithers Funding History
Encowithers has raised a total of $101M across 2 funding rounds.
Encowithers' first fundraising round was a $100M seed round in June 2023. The most recent completed round was a $1M seed round in February 2025.
Encowithers funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Feb 2025 | Seed | - | $1M |
| Jun 2023 | Seed | Kingospring (lead) | $100M |
Who has invested in Encowithers?
1 investor has backed Encowithers across its funding rounds, including Kingospring.
Lead investors include Kingospring.
Encowithers Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Encowithers investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialEncowithers Competitors
Encowithers competitors include listed companies like Aramark, Madison Air, Rentokil Initial and Sodexo, and private ones like Groot Systems and China Post.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $30B | - | ||
| Publicly listed | $19B | $1.2B | $15B | 1.0x | ||
| Publicly listed | $3.5B | $697M | $12B | 3.9x | ||
| Publicly listed | $6.9B | $1.2B | $11B | 2.1x | ||
| Publicly listed | $28B | $1.7B | $9.5B | 0.5x | ||
| Private | - | - | $7.5B | - |
Encowithers Public Comps
Encowithers is still privately-owned, but its public comps include Aramark, Madison Air, Rentokil Initial, Sodexo, ISS World, Elis, Brookfield Business Corp, UniFirst, Alliance Laundry Systems and Wuchan Zhongda Group Co.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $1.2B | 1.1x | 1.0x | 16.8x | 13.4x | |||
| $3.5B | $697M | 4.2x | 3.9x | 21.1x | 14.6x | |||
| $6.9B | $1.2B | 2.1x | 2.1x | 12.6x | 9.7x | |||
| $28B | $1.7B | 0.5x | 0.5x | 8.4x | 9.7x | |||
| $13B | $837M | 0.7x | 0.7x | 11.1x | 9.7x | |||
| $5.5B | $1.9B | 1.9x | 1.9x | 5.6x | 5.3x | |||
| $27B | $6.6B | 2.1x | 9.0x | 8.7x | 23.9x | |||
| $2.4B | $326M | 1.9x | 1.8x | 14.2x | 14.1x | |||
This data is available for Pro users. Sign up to see all Encowithers competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Encowithers
| When was Encowithers founded? | Encowithers was founded in 2020. |
| Where is Encowithers headquartered? | Encowithers is headquartered in Seongnam, South Korea. |
| Is Encowithers publicly listed? | No, Encowithers is a private, VC-backed company. |
| How much funding has Encowithers raised? | Encowithers has raised $101M across 2 funding rounds. |
| What was Encowithers' last funding round? | Encowithers' last funding round was a $1M seed round in February 2025. |
| Who are Encowithers' investors? | Encowithers' investors include Kingospring. |
| Which companies are comparable to Encowithers? | Companies comparable to Encowithers include Groot Systems, Aramark, Madison Air, Rentokil Initial, Sodexo and China Post. |
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