Zego Acquisition, Valuation, Funding & Investors

Zego was acquired by Global Payments for $933M in May 2021.

See full Zego profile

Zego acquisition price

$933M

Acquired by Global Payments · 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

Zego Overview

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

United StatesSan Diego, CA

Website

gozego.com

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.

Zego acquisition details
AcquirerDateTypePrice
4 May 2021Strategic 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

Zego funding rounds
DateStageInvestorsRaised
Jul 2017SeedKCRise Fund; Liquid 2 Ventures; Adam Blake; Techstars; Chris Powers; Right Side Capital Management; Fort Ventures$2M
Jul 2017Pre-seedRight 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

Investors in Zego by funding rounds participated
InvestorHQRoundsRoleFirst check
Right Side Capital ManagementUnited StatesSan Francisco, CA2ParticipantJul 2017
Fort VenturesUnited StatesFort Worth, TX2ParticipantJul 2017
KCRise FundUnited StatesKansas City, MO1ParticipantJul 2017
Liquid 2 VenturesUnited StatesSan Francisco, CA1ParticipantJul 2017
Adam Blake--1ParticipantJul 2017

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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

Mobile Doorman
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 CountryUnited States
HQ City
Chicago, IL
Deal Date1 Feb 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Zego Competitors

Zego competitors include listed companies like PEXA Group and Altus Group, and private ones like Guesty, Kujiale, Place and Rentberry.

Public and private companies comparable to Zego
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GuestyUnited StatesLos Angeles, CAPrivate$100M-$900M9.0x
KujialeChinaHangzhouPrivate$41M-$1B24.4x
PlaceUnited StatesSeattle, WAPrivate$150M-$1B6.7x
RentberryUnited StatesSan Francisco, CAPrivate--$1B-
PEXA GroupAustraliaAustraliaPublicly listed$285M$100M$861M3.4x
Altus GroupCanadaCanadaPublicly listed$360M$31M$1.1B3.7x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
PEXA Group$285M$100M3.4x3.4x9.8x9.3x
Vitec Software$371M$151M3.7x3.5x9.1x9.0x
Altus Group$360M$31M3.5x3.7x40.5x14.2x
Real Brokerage$2B($6M)0.3x0.2x(87.2x)6.6x
EverCommerce$589M$128M3.0x2.9x13.7x9.5x
Eleco$52M$9M4.6x4.5x25.8x16.8x
Ming Yuan Cloud Group$191M($7M)----
SmartRent$152M($56M)0.9x0.9x(2.4x)(54.1x)

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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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