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- Zego
Zego Acquisition, Valuation, Funding & Investors
Zego was acquired by Global Payments for $933M in May 2021.
Cumulative funding Zego raised
$3M
across 2 funding rounds
Key investors in Zego
Right Side Capital Management
Fort Ventures
Techstars
Liquid 2 Ventures
KCRise Fund
Adam Blake
Chris Powers
About Zego
Zego is a property technology company providing resident experience management solutions for multifamily housing. Denver-headquartered, it equips property managers and community associations with tools for maintenance requests, payments, and communication. Zego streamlines operations to enhance resident satisfaction in apartment complexes across the United States.
Founded
2003
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$933M (acquired May 2021)
Zego Acquisition
Zego was acquired by Global Payments for $933M on 4 May 2021.
Before the acquisition Zego had raised $3M across 2 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 4 May 2021 | Strategic M&A | $933M |
Zego Funding History
Zego has raised a total of $3M across 2 funding rounds.
Zego's first fundraising round was a $500K pre-seed round in July 2017. The most recent completed round was a $2M seed round in July 2017.
Zego funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Jul 2017 | Seed | KCRise Fund; Liquid 2 Ventures; Adam Blake; Techstars; Chris Powers; Right Side Capital Management; Fort Ventures | $2M |
| Jul 2017 | Pre-seed | Right Side Capital Management; Fort Ventures | $500K |
Who has invested in Zego?
7 investors have backed Zego across its funding rounds, including Right Side Capital Management, Fort Ventures, Techstars, Liquid 2 Ventures, KCRise Fund and Adam Blake.
Zego Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2017 | ||
| 2 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| -- | 1 | Participant | Jul 2017 | |
This data is available for Pro users. Sign up to see all 7 Zego investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Zego
Zego has acquired 1 company to date.
Last acquisition by Zego was on February 1st 2021. Zego acquired Mobile Doorman for undisclosed valuation.
Latest Acquisitions by Zego
| Description | Mobile Doorman is a Chicago-headquartered developer of custom-branded apartment community apps launched in 2014. It delivers mobile solutions for resident-building manager interactions, surpassing web portals with features tailored to each property's branding and needs. Residents access services directly on smartphones, streamlining communication and operations for multifamily housing communities. |
| HQ Country | |
| HQ City | Chicago, IL |
| Deal Date | 1 Feb 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Zego acquisitions and their M&A valuation multiples. Start Free Trial | |
Zego Competitors
Zego competitors include listed companies like PEXA Group and Altus Group, and private ones like Guesty, Kujiale, Place and Rentberry.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $900M | 9.0x | ||
| Private | $41M | - | $1B | 24.4x | ||
| Private | $150M | - | $1B | 6.7x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $285M | $100M | $861M | 3.4x | ||
| Publicly listed | $360M | $31M | $1.1B | 3.7x |
Zego Public Comps
Zego is no longer listed, but its public comps include PEXA Group, Vitec Software, Altus Group, Real Brokerage, EverCommerce, Eleco, Ming Yuan Cloud Group, SmartRent, Real Matters and Aurum Proptech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $285M | $100M | 3.4x | 3.4x | 9.8x | 9.3x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $360M | $31M | 3.5x | 3.7x | 40.5x | 14.2x | |||
| $2B | ($6M) | 0.3x | 0.2x | (87.2x) | 6.6x | |||
| $589M | $128M | 3.0x | 2.9x | 13.7x | 9.5x | |||
| $52M | $9M | 4.6x | 4.5x | 25.8x | 16.8x | |||
| $191M | ($7M) | - | - | - | - | |||
| $152M | ($56M) | 0.9x | 0.9x | (2.4x) | (54.1x) | |||
This data is available for Pro users. Sign up to see all Zego competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Zego
| When was Zego founded? | Zego was founded in 2003. |
| Where is Zego headquartered? | Zego is headquartered in San Diego, CA, United States. |
| Is Zego publicly listed? | No, Zego was acquired by Global Payments in May 2021. |
| Who acquired Zego? | Zego was acquired by Global Payments in May 2021. |
| How much was Zego acquired for? | Zego was acquired for $933M in May 2021. |
| How much funding has Zego raised? | Zego has raised $3M across 2 funding rounds. |
| What was Zego's last funding round? | Zego's last funding round was a $2M seed round in July 2017. |
| Who are Zego's investors? | Zego's investors include Right Side Capital Management, Fort Ventures, KCRise Fund, Liquid 2 Ventures, Adam Blake, Techstars and Chris Powers. |
| Which companies are comparable to Zego? | Companies comparable to Zego include Guesty, Kujiale, Place, Rentberry, PEXA Group and Altus Group. |
| How many companies has Zego acquired? | Zego has acquired 1 company, including Mobile Doorman. |
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