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

Encowithers Overview

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

South KoreaSeongnam

Status

Privately held

Customer focus

B2C

Revenue model

Services

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

Encowithers funding rounds
DateStageInvestorsRaised
Feb 2025Seed-$1M
Jun 2023SeedKingospring (lead)$100M

Who has invested in Encowithers?

1 investor has backed Encowithers across its funding rounds, including Kingospring.

Lead investors include Kingospring.


Encowithers Investors

Investors in Encowithers by funding rounds participated
InvestorHQRoundsRoleFirst check

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Encowithers Competitors

Encowithers competitors include listed companies like Aramark, Madison Air, Rentokil Initial and Sodexo, and private ones like Groot Systems and China Post.

Public and private companies comparable to Encowithers
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Groot SystemsNamibiaWindhoekPrivate--$30B-
AramarkUnited StatesUnited StatesPublicly listed$19B$1.2B$15B1.0x
Madison AirUnited StatesUnited StatesPublicly listed$3.5B$697M$12B3.9x
Rentokil InitialUnited KingdomUnited KingdomPublicly listed$6.9B$1.2B$11B2.1x
SodexoFranceFrancePublicly listed$28B$1.7B$9.5B0.5x
China PostChinaBeijingPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aramark$19B$1.2B1.1x1.0x16.8x13.4x
Madison Air$3.5B$697M4.2x3.9x21.1x14.6x
Rentokil Initial$6.9B$1.2B2.1x2.1x12.6x9.7x
Sodexo$28B$1.7B0.5x0.5x8.4x9.7x
ISS World$13B$837M0.7x0.7x11.1x9.7x
Elis$5.5B$1.9B1.9x1.9x5.6x5.3x
Brookfield Business Corp$27B$6.6B2.1x9.0x8.7x23.9x
UniFirst$2.4B$326M1.9x1.8x14.2x14.1x

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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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