- Companies
- Iwjw
Last Iwjw valuation
$1B
Series D · May 2015
Last Iwjw funding round
$150M
Series E · Nov 2015
Cumulative funding Iwjw raised
$305M
across 3 funding rounds
Key investors in Iwjw
Shunwei Capital
GGV Capital
Gaorong Capital
Morningside
Temasek
Hillhouse Investment
About Iwjw
Iwjw is a Shanghai-headquartered online-to-offline rental platform launched in 2014 for residential and commercial properties in China. Prospective tenants book agent-led property viewings through the app, accessing verified listings in major cities like Beijing and Guangzhou. The service facilitates lease negotiations, document handling, and virtual tours to accelerate occupancy.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$1B (May 2015)
Iwjw Valuation
Iwjw is currently valued at $1B, based on its Series D in May 2015.
The $120M round was led by GGV Capital and Morningside, with participation from Gaorong Capital and Shunwei Capital.
Iwjw's valuation has moved from $1B at its Series C in December 2014 to $1B in May 2015, across 2 priced rounds.
Iwjw valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2015 | Series D | $1B |
| Dec 2014 | Series C | $1B |
Iwjw Funding History
Iwjw has raised a total of $305M across 3 funding rounds.
Iwjw's first fundraising round was a $35M Series C in December 2014. The most recent completed round was a $150M Series E in November 2015.
Iwjw funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2015 | Series E | Temasek (lead); Hillhouse Investment | $150M | - | - |
| May 2015 | Series D | GGV Capital (lead); Morningside (lead); Gaorong Capital; Shunwei Capital | $120M | $1B | Iwjw (also known as Aiwujiwu) is a Shanghai-based online real estate platform launched in early 2014 that facilitates buying and renting apartments through its website and mobile apps. The company operates in major Chinese markets like Beijing, Shanghai, Shenzhen, and Guangzhou, enabling property transactions in these cities. By November 2015, it had sold nearly 6,000 apartments via its portal. In May 2015, Iwjw raised $120 million in a Series D funding round led by GGV Capital and Morningside Ventures, with participation from Shunwei Capital and Banyan Capital. This round valued the 14-month-old company at $1 billion, marking it as a unicorn according to China Money Network. Prior to this, it had completed a Series C round of $35 million in December 2014 from similar investors including GGV Capital, Shunwei Capital, Banyan, and Morningside. The company had raised a total of approximately $305 million across funding rounds by late 2015, with investors including Banyan Capital, GGV Capital, Hillhouse Capital Group, Morningside Group, Shunwei Capital, and later Temasek Holdings. A subsequent round in November 2015 raised $150 million led by Temasek at a $1.1 billion valuation. Iwjw competes in China's crowded online real estate sector, dominated by NYSE-listed players like SouFun and Leju, which held nearly 85% market share in 2014 and offer broader services backed by major investors. |
| Dec 2014 | Series C | GGV Capital (lead); Gaorong Capital; Shunwei Capital; Morningside | $35M | $1B | Iwjw is a Chinese company in the real estate sector that received investments from Gaorong Capital and GGV Capital, among others including Temasek Holdings. A source lists its total funding at $305 million and valuation at $1 billion, though the timing and specific round are not detailed. This aligns with the specified investors Gaorong Capital, GGV Capital, but Morningside and Shunwei Capital are not mentioned in available data, and the December 2014 round led by GGV Capital lacks confirmation here. No round size of $35 million or exact date match found in results. iwjw.com is referenced in 2015 unicorn updates as part of non-US billion-dollar valuation companies alongside Panshi, suggesting unicorn status around that period, consistent with investor involvement. |
Who has invested in Iwjw?
6 investors have backed Iwjw across its funding rounds, including Shunwei Capital, GGV Capital, Gaorong Capital, Morningside, Temasek and Hillhouse Investment.
Lead investors include Temasek, GGV Capital and Morningside.
Iwjw Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Dec 2014 | ||
| 2 | Participant | Dec 2014 | ||
| 2 | Lead | Dec 2014 | ||
| 2 | Lead | Dec 2014 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialIwjw Competitors
Iwjw competitors include listed companies like eDreams ODIGEO, trivago and On The Beach Group, and private ones like Good Choice Company, Peek and Hurb.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $972M | - | ||
| Private | - | - | $590M | - | ||
| Private | - | - | $546M | - | ||
| Publicly listed | $770M | $161M | $517M | 1.1x | ||
| Publicly listed | $632M | $13M | $460M | 0.5x | ||
| Publicly listed | $163M | $48M | $330M | 2.5x |
Iwjw Public Comps
Iwjw is still privately-owned, but its public comps include SMZDM.com, QuinStreet, Grupa Pracuj, Ibotta, LegalZoom, Nextdoor, Tripadvisor, Upwork, Web Travel Group and Baltic Classifieds Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $192M | $19M | 4.9x | 4.7x | 47.8x | 42.1x | |||
| $1.3B | $61M | 0.7x | 0.7x | 15.8x | 7.9x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
| $342M | $7M | 2.5x | 2.4x | 114.9x | 15.3x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $258M | ($69M) | 2.4x | 2.2x | (8.8x) | 27.8x | |||
| $1.9B | $160M | 0.6x | 0.6x | 6.8x | 4.2x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
This data is available for Pro users. Sign up to see all Iwjw competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Iwjw
| When was Iwjw founded? | Iwjw was founded in 2014. |
| Where is Iwjw headquartered? | Iwjw is headquartered in Shanghai, China. |
| Is Iwjw publicly listed? | No, Iwjw is a private, VC-backed company. |
| What is Iwjw's valuation? | Iwjw was last valued at $1B in its Series D in May 2015. |
| How much funding has Iwjw raised? | Iwjw has raised $305M across 3 funding rounds. |
| What was Iwjw's last funding round? | Iwjw's last funding round was a $150M Series E in November 2015, led by Temasek. |
| Who are Iwjw's investors? | Iwjw's investors include Gaorong Capital, Shunwei Capital, GGV Capital, Morningside, Temasek and Hillhouse Investment. |
| Which companies are comparable to Iwjw? | Companies comparable to Iwjw include Good Choice Company, Peek, Hurb, eDreams ODIGEO, trivago and On The Beach Group. |
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