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- ZigBang
ZigBang Revenue, Valuation, Funding & Investors
ZigBang is valued at $2B as of June 2022, a 25.4x multiple on its last reported $80M revenue.
Last ZigBang valuation
$2B
Undisclosed stage · Jun 2022
Last ZigBang funding round
$78M
Undisclosed stage · Jun 2022
ZigBang revenue
$80M
Undisclosed stage · Jun 2022
Key investors in ZigBang
Altos Ventures
Stonebridge Ventures
Goldman Sachs
Company K Partners
Korea Development Bank
Capstone Partners
About ZigBang
ZigBang is a Seoul-based real estate platform that provides a mobile app for apartment hunting in South Korea. Users filter rentals by room count, occupancy, price range, and location via web and iOS/Android versions. The service covers nationwide listings including Seoul, Busan, and Incheon markets, facilitating virtual tours and direct landlord contacts. Launched in 2014, ZigBang dominates the jeonse and wolse rental segments with mapping tools and neighborhood analytics for over 6 million registered users.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Advertising
Revenue
$80M (Jun 2022)
Valuation
$2B (Jun 2022)
ZigBang Valuation
ZigBang is currently valued at $2B, based on its undisclosed-stage round in June 2022.
The $78M round was led by Shinhan Venture Investment, with participation from IMM Investment, Korea Development Bank, Hana Financial Group and Capstone Partners.
ZigBang's valuation has grown 3.3x from $612M at its Series D in July 2019 to $2B in June 2022, across 2 priced rounds.
ZigBang valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2022 | Undisclosed stage | $2B | 25.4x |
| Jul 2019 | Series D | $612M | - |
ZigBang Revenue
ZigBang's latest recorded revenue is $80M, as of its undisclosed-stage round in June 2022. At a $2B valuation, that implies a 25.4x revenue multiple.
ZigBang revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2022 | $80M | $2B | 25.4x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
ZigBang Funding History
ZigBang has raised a total of $280M across 6 funding rounds, plus 1 secondary share sale.
ZigBang's first fundraising round was a $3M Series A in June 2014. The most recent completed round was a $78M undisclosed-stage round in June 2022.
ZigBang funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Undisclosed stage | Shinhan Venture Investment (lead); IMM Investment; Korea Development Bank; Hana Financial Group; Capstone Partners | $78M | $2B | ZigBang is a Seoul-based proptech company operating an apartment-seeking app that connects users with real estate listings in South Korea. In June 2022, it raised an $8 million funding round led by Shinhan Venture Investment, which valued the company at $1.6 billion post-money, earning it unicorn status as one of 32 new unicorns that month. The valuation reflects ZigBang's position in the competitive Korean real estate tech market, where proptech firms leverage mobile apps for property searches and transactions. A separate report notes Shinhan Venture Investment valued ZigBang at around 2 trillion won (approximately $1.5-1.6 billion USD at prevailing rates) in a $7.97 million injection, consistent with the unicorn round details. ZigBang's unicorn achievement highlights investor confidence in its growth amid South Korea's active VC ecosystem, with ICT services and distribution sectors seeing significant investments in H1 2022 per KVIC reports. The company continues as a key player in proptech. |
| Jun 2022 | Secondary | Black Pearl Ventures (lead) | $27M | - | - |
| Jul 2019 | Series D | Goldman Sachs; DS Asset Management; Altos Ventures; Yuanta Investment; Stonebridge Ventures | $136M | $612M | - |
| Jun 2017 | Series A | Stonebridge Ventures (lead) | $11M | - | - |
| Nov 2015 | Series C | Goldman Sachs (lead) | $33M | - | Zigbang is a South Korean real estate technology platform that connects real estate agents and renters through a mobile application. Launched in January 2012, the company had accumulated more than 10 million app downloads and over 2.5 million rental unit listings as of October 2015. The platform gained significant traction among single-household users in their 20s and 30s during a period of rapid demographic shift in South Korea toward smaller households. In December 2015, a consortium of investors led by Goldman Sachs committed 38 billion won (approximately $33 million USD) to the company, marking Goldman Sachs' second major investment in a Korean online service provider following its 40 billion won investment in food delivery platform Baedal Minjok in November 2014. Zigbang indicated the capital would support development and expansion of its nationwide services, with leadership emphasizing the partnership's role in accelerating growth and innovation within Korea's e-commerce sector. |
| Mar 2015 | Series B | BlueRun Ventures; LB Investment; Altos Ventures; Company K Partners; Stone Bridge Management; Atinum Investment | $19M | - | ZigBang is a South Korean real estate technology company founded in 2010 that operates property-tech software for rental property search and real estate services. The company has raised over $311.6 million in total funding across multiple rounds. Available data shows ZigBang achieved a post-money valuation of $1,552.42 million in June 2022 during its Series E funding round, which raised $77.37 million from investors including Hana Financial Investment, IMM Investment, and Korea Development Bank. The company has been active in acquisitions, including the Samsung SDS Smart Home Lot Division in January 2022. |
| Jun 2014 | Series A | Altos Ventures; Company K Partners; Stonebridge Ventures | $3M | - | - |
Who has invested in ZigBang?
16 investors have backed ZigBang across its funding rounds, including Altos Ventures, Stonebridge Ventures, Goldman Sachs, Company K Partners, Korea Development Bank and Capstone Partners.
Lead investors include Shinhan Venture Investment, Black Pearl Ventures, Stonebridge Ventures and Goldman Sachs.
ZigBang Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jun 2014 | ||
| 3 | Lead | Jun 2014 | ||
| 2 | Lead | Nov 2015 | ||
| 2 | Participant | Jun 2014 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Lead | Jun 2022 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Mar 2015 | ||
This data is available for Pro users. Sign up to see all 16 ZigBang investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by ZigBang
ZigBang has acquired 6 companies to date.
Last acquisition by ZigBang was on January 28th 2022. ZigBang acquired Samsung SDS (Home IoT unit) for $85M.
Latest Acquisitions by ZigBang
| Description | Samsung SDS Home IoT unit is a provider of security services across IT, OT, IoT, and cloud environments. The division offers SmartThings integration for home automation, anomaly detection in industrial sensors, and zero-trust access for enterprise networks. Based in Seoul, it secures Samsung's ecosystem with blockchain for device authentication and edge computing on ARM processors worldwide. | Movill is a Seoul-based mobile application that streamlines communication between apartment management offices and residents in South Korea. The platform handles maintenance requests, community notices, and bill payments through an intuitive interface tailored for multi-family housing complexes. | HOTELIV is a Seoul-based provider of housekeeping and cleaning services for hotels. The company supplies trained staff and eco-friendly supplies to maintain high standards in properties throughout South Korea, focusing on efficiency and guest satisfaction during peak seasons. | Sugarhill is a Seoul-based proptech company that operates the Nemo platform for commercial real estate transactions. Launched in 2020, Nemo connects property owners, brokers, and investors for leasing office spaces and retail units in South Korea. The platform lists over 10,000 properties in districts like Gangnam and Yeouido while providing market analytics and virtual tours. Sugarhill streamlines contracts through digital signatures and blockchain verification. | |
| HQ Country | |||||
| HQ City | Seoul | Seoul | Anyang | Seongnam | |
| Deal Date | 28 Jan 2022 | 11 Jan 2021 | 6 Oct 2020 | 9 Jul 2019 | |
| Valuation | $85M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all ZigBang acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by ZigBang
ZigBang has invested in 2 companies to date.
Latest investment by ZigBang was on October 12th 2019. ZigBang invested in Cupix in their $6M Series A round.
Latest Investments by ZigBang
| Description | Cupix is a Seongnam-headquartered provider of AI-driven 4D digital twin platforms for construction site monitoring. The South Korean firm captures 360-degree panoramas to track progress and detect issues, with offices in California, Sydney, Singapore, London, and Beirut. Cupix serves global contractors since its 2015 founding. | Space Walk is an AI-driven platform that generates optimized building plans for land parcels, incorporating architectural designs, financial projections, and social impact assessments. Developers upload site details to receive instant 3D models, zoning-compliant layouts, and cost-benefit analyses tailored to local regulations. The Tel Aviv-headquartered company streamlines urban development workflows by automating feasibility studies and stakeholder presentations. Space Walk serves real estate firms across Europe and the Middle East, enabling faster project approvals and reduced planning timelines. | Cupix is a Seongnam-headquartered provider of AI-driven 4D digital twin platforms for construction site monitoring. The South Korean firm captures 360-degree panoramas to track progress and detect issues, with offices in California, Sydney, Singapore, London, and Beirut. Cupix serves global contractors since its 2015 founding. |
| HQ Country | |||
| HQ City | San Jose, CA | Seoul | San Jose, CA |
| Deal Date | 12 Oct 2019 | 1 Mar 2019 | 5 Jun 2017 |
| Round | Series A | Series A | Seed |
| Raised | $6M | $2M | $1M |
| Investors | Company K Partners; Stonebridge Ventures; Atinum Investment | KB Investment; Stone Bridge Ventures; HYU Holdings | - |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all ZigBang investments and their VC round multiples. Start Free Trial | |||
ZigBang Competitors
ZigBang competitors include listed companies like TX Group and Lime, and private ones like Roofstock, Pacaso, QuintoAndar and BlaBlaCar.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.9B | - | ||
| Private | $330M | - | $1.5B | 4.5x | ||
| Private | - | - | $5.1B | - | ||
| Publicly listed | $1.1B | $310M | $2B | 2.1x | ||
| Private | $291M | - | $2B | 6.9x | ||
| Publicly listed | $887M | $87M | $2B | - |
ZigBang Public Comps
ZigBang is still privately-owned, but its public comps include Ziff Davis, TX Group, Lime, Poly Property Services, Visional, IWG, TBO.com, Smartstop Self Storage, Stubhub and Lumo.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.5B | $335M | 0.9x | 1.0x | 3.8x | 3.3x | |||
| $1.1B | $310M | 2.1x | 2.1x | 7.2x | 8.1x | |||
| $887M | $87M | 2.2x | - | 22.2x | - | |||
| $2.6B | $354M | 0.1x | 0.1x | 0.8x | 0.8x | |||
| $515M | $157M | 3.3x | 2.6x | 10.8x | 9.3x | |||
| $3.8B | $487M | 2.6x | 2.5x | 20.1x | 16.9x | |||
| $262M | $41M | 6.7x | 5.2x | 43.2x | 34.3x | |||
| $281M | $129M | 10.6x | 12.0x | 23.2x | 19.0x | |||
This data is available for Pro users. Sign up to see all ZigBang competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ZigBang
| When was ZigBang founded? | ZigBang was founded in 2010. |
| Where is ZigBang headquartered? | ZigBang is headquartered in Seoul, South Korea. |
| Is ZigBang publicly listed? | No, ZigBang is a private, VC-backed company. |
| What is ZigBang's valuation? | ZigBang was last valued at $2B in its undisclosed-stage round in June 2022. |
| How much funding has ZigBang raised? | ZigBang has raised $280M across 6 funding rounds. |
| What was ZigBang's last funding round? | ZigBang's last funding round was a $78M undisclosed-stage round in June 2022, led by Shinhan Venture Investment. |
| Who are ZigBang's investors? | ZigBang's investors include Altos Ventures, Stonebridge Ventures, Goldman Sachs, Company K Partners, IMM Investment, BlueRun Ventures, Korea Development Bank, Black Pearl Ventures, Hana Financial Group, DS Asset Management and 6 others. |
| What is ZigBang's revenue? | ZigBang's latest recorded revenue is $80M (June 2022). |
| What is ZigBang's revenue multiple? | ZigBang's latest valuation implies a 25.4x revenue multiple ($2B valuation on $80M of revenue). |
| Which companies are comparable to ZigBang? | Companies comparable to ZigBang include Roofstock, Pacaso, QuintoAndar, TX Group, BlaBlaCar and Lime. |
| How many companies has ZigBang acquired? | ZigBang has acquired 6 companies, including Samsung SDS (Home IoT unit), Movill, HOTELIV, Sugarhill and WOOZOO. |
| What was the largest acquisition by ZigBang? | The $85M acquisition of Samsung SDS (Home IoT unit) in January 2022 is the largest acquisition ZigBang has made to date. |
| How many companies has ZigBang invested in? | ZigBang has invested in 2 companies, including Cupix and Space Walk. |
| What was ZigBang's last investment? | In October 2019, ZigBang invested in Cupix's $6M Series A alongside Company K Partners, Stonebridge Ventures and Atinum Investment. |
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