Ziroom Valuation, Funding & Investors
Ziroom is valued at $6.6B as of March 2020.
Last Ziroom valuation
$6.6B
Secondary · Mar 2020
Last Ziroom funding round
$500M
Undisclosed stage · Mar 2020
Cumulative funding Ziroom raised
$1.6B
across 3 funding rounds
Key investors in Ziroom
SoftBank Group
HSG
Tencent
Warburg Pincus
General Atlantic
Mubadala
About Ziroom
Ziroom is a long-term rental apartment operator and O2O housing asset management company in China. Established in 2011 as Beijing Freedom Life Asset Management and headquartered in Beijing, it manages properties in nine cities including Shanghai, Shenzhen, Hangzhou, Nanjing, Wuhan, Guangzhou, Tianjin, and Chengdu. Ziroom serves over 300,000 landlords and 1.4 million tenants with standardized furnished apartments and professional maintenance services.
Founded
2011
HQ
BeijingWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$6.6B (Mar 2020)
Ziroom Valuation
Ziroom is currently valued at $6.6B, based on its secondary sale in March 2020.
The $500M round was led by SoftBank Group.
Ziroom's valuation has grown 2.2x from $3B at its Series A in January 2018 to $6.6B in March 2020, across 3 priced rounds.
Ziroom valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2020 | Secondary | $6.6B |
| Jun 2019 | Series B | $4.5B |
| Jan 2018 | Series A | $3B |
Ziroom Funding History
Ziroom has raised a total of $1.6B across 3 funding rounds, plus 1 secondary share sale.
Ziroom's first fundraising round was a $623M Series A in January 2018. The most recent completed round was a $500M undisclosed-stage round in March 2020.
Ziroom funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2020 | Undisclosed stage | SoftBank Group (lead) | $500M | - | Ziroom is a rental services company headquartered in Beijing that provides home rental and property management services through a technology platform for residential products and services. Founded in October 2011 by Zuo Hui, the company competes with other rental platforms and has received financing from prominent investors including SoftBank, Sequoia China, and Warburg Capital. Ziroom raised $1 billion in its Series C funding round on March 4, 2020, with SoftBank Vision Fund as a lead investor, bringing total funding raised to $2.121 billion across three rounds. The company's most recent publicly disclosed valuation was $4.5 billion in June 2019. |
| Mar 2020 | Secondary | SoftBank Group (lead) | $500M | $6.6B | Ziroom is a leading Chinese online long-term apartment rental platform offering home rental and property management services. In March 2020, Ziroom received a $1 billion investment from SoftBank's Vision Fund, consisting of $500 million direct investment and $500 million in shares purchased from the founder. After the investment, Ziroom's valuation reached $6.6 billion. This followed prior rounds including a Series A of 4 billion yuan in January 2018 led by Warburg Pincus, Sequoia Capital China, and Tencent, and a Series B totaling $500 million in June 2019 at a $4.5 billion valuation. |
| Jun 2019 | Series B | General Atlantic (lead); Tencent; Tiantu Capital; HSG | $500M | $4.5B | Ziroom is China's largest rental housing platform and a unit of residential brokerage Lianjia. Founded in 2011 and headquartered in Beijing, the company operates across nine major Chinese cities, managing rental units and serving millions of tenants and hundreds of thousands of landlords. In its Series B funding round closed in June 2019, Ziroom raised $500 million in new capital led by existing investor General Atlantic, with participation from Tencent, Sequoia Capital China, and Tiantu Capital. The Series B round valued the company at $4.5 billion post-money, representing significant growth from its Series A round of approximately $621 million at a $4 billion valuation closed in January 2018, which was led by Warburg Pincus. By mid-2019, Ziroom had grown its portfolio to approximately 850,000 rental units under management, serving around 2 million tenants and 300,000 landlords across its platform, though this fell short of its previously stated goal of reaching one million units by the end of 2018. The Series B financing reflected continued investor confidence in China's rental housing market and Ziroom's position as a leading player in the sector. |
| Jan 2018 | Series A | HSG (lead); Tencent (lead); Warburg Pincus (lead); K11 Investment; Mubadala | $623M | $3B | Ziroom is a leading provider of branded rental housing services in China, offering apartment rentals, co-living spaces, and ancillary services tailored to urban tenants. By late 2015, it had grown to 400,000 tenants, expanding to over 1.2 million tenants across 500,000 listing units by the time of its Series A announcement. The company differentiates through in-house optimization of products and services, focusing on high-demand amenities to command rent premiums in a competitive market. In January 2018, Ziroom raised USD $621 million in Series A financing, led by Warburg Pincus with participation from investors including Sequoia Capital, Tencent, and Sunac, achieving a USD $3 billion post-money valuation and unicorn status as China's first rental housing tech unicorn. This funding valued the company at USD $3 billion, reflecting its rapid scaling and market leadership in long-term rentals amid rising urbanization and demand for professionalized housing services. Ziroom operates in a market pressured by real estate developers entering rentals with asset-heavy models and lower capital costs, building massive unit supplies like 250,000 units in 2015 alone. To sustain profitability, Ziroom pursues cost reductions, core product optimization, and ancillary revenue streams. |
Who has invested in Ziroom?
8 investors have backed Ziroom across its funding rounds, including SoftBank Group, HSG, Tencent, Warburg Pincus, General Atlantic and Mubadala.
Lead investors include SoftBank Group, General Atlantic, HSG, Tencent and Warburg Pincus.
Ziroom Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Tokyo | 2 | Lead | Mar 2020 | |
| Shenzhen | 2 | Lead | Jan 2018 | |
 Hong Kong | 2 | Lead | Jan 2018 | |
| Hong Kong | 1 | Participant | Jan 2018 | |
 New York City, NY | 1 | Lead | Jun 2019 | |
| New York City, NY | 1 | Lead | Jan 2018 | |
This data is available for Pro users. Sign up to see all 8 Ziroom investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Ziroom
Ziroom has acquired 3 companies to date.
Last acquisition by Ziroom was on July 28th 2025. Ziroom acquired Maison for undisclosed valuation.
Latest Acquisitions by Ziroom
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Maison | |||
| Description | Maison is a real estate firm that designs, constructs, and manages residential housing units equipped with comprehensive asset management services. The company focuses on premium living spaces situated in prominent urban centers throughout France, emphasizing durable construction and long-term property maintenance for residential investors. | 3+9 is a New York City operator of fully furnished short-term and long-term rental apartments. Centered in Manhattan neighborhoods like Chelsea and the Financial District, it provides equipped residences with amenities including high-speed internet, housekeeping, and flexible lease terms for business travelers and relocating professionals. | Bestbond is an operator of boutique long-term rental apartment chains serving the Yangtze River Delta region, including Nanjing in Jiangsu province, and the Beijing-Tianjin-Hebei area. It manages furnished properties with amenities for urban professionals and families. |
| HQ Country | | | |
| HQ City | Shanghai | - | Nanjing |
| Deal Date | 28 Jul 2025 | 1 Jun 2022 | 30 Nov 2020 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Ziroom acquisitions and their M&A valuation multiples. Start Free Trial | |||
Ziroom Competitors
Ziroom competitors include listed companies like Zillow, CoStar Group, KE Holdings and BOSS Zhipin, and private ones like QuintoAndar and Zepto.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Publicly listed | $2.6B | $315M | $6.8B | 2.3x | |
 São Paulo | Private | - | - | $5.1B | - | |
| United States | Publicly listed | $3.2B | $183M | $12B | 3.3x | |
| China | Publicly listed | $14B | $734M | $18B | 1.0x | |
| China | Publicly listed | $1.2B | $493M | $6.6B | 2.6x | |
 Mumbai | Private | $1.2B | - | $7B | 5.9x |
Ziroom Public Comps
Ziroom is still privately-owned, but its public comps include Etsy, BOSS Zhipin, carsales.com, Zillow, Melisron, CTS Eventim, FIBRA Prologis, Balder, Scout24 and Talabat.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.9B | $323M | 3.0x | 3.0x | 26.6x | 10.6x | |||
| $1.2B | $493M | 2.8x | 2.6x | 7.1x | 5.7x | |||
| $892M | $475M | 8.3x | 8.2x | 15.6x | 14.7x | |||
| $2.6B | $315M | 2.6x | 2.3x | 21.2x | 9.4x | |||
| $747M | - | 15.0x | - | - | - | |||
| $3.5B | $622M | 1.4x | 1.3x | 7.9x | 7.1x | |||
| $648M | $114M | 14.8x | 13.2x | 84.7x | 17.8x | |||
| $1.4B | $1.4B | 15.8x | 15.0x | 16.1x | 21.4x | |||
This data is available for Pro users. Sign up to see all Ziroom competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Ziroom
| When was Ziroom founded? | Ziroom was founded in 2011. |
| Where is Ziroom headquartered? | Ziroom is headquartered in Beijing, China. |
| Is Ziroom publicly listed? | No, Ziroom is a private, VC-backed company. |
| What is Ziroom's valuation? | Ziroom was last valued at $6.6B in its secondary sale in March 2020. |
| How much funding has Ziroom raised? | Ziroom has raised $1.6B across 3 funding rounds. |
| What was Ziroom's last funding round? | Ziroom's last funding round was a $500M undisclosed-stage round in March 2020, led by SoftBank Group. |
| Who are Ziroom's investors? | Ziroom's investors include SoftBank Group, Tencent, HSG, K11 Investment, General Atlantic, Warburg Pincus, Mubadala and Tiantu Capital. |
| Which companies are comparable to Ziroom? | Companies comparable to Ziroom include Zillow, QuintoAndar, CoStar Group, KE Holdings, BOSS Zhipin and Zepto. |
| How many companies has Ziroom acquired? | Ziroom has acquired 3 companies, including Maison, 3+9 and Bestbond. |
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