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- Ziroom
Ziroom Valuation, Funding & Investors
Ziroom is valued at $6.6B as of March 2020.
Last Ziroom valuation
$6.6B
Undisclosed stage · 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
General Atlantic
Warburg Pincus
Mubadala
About Ziroom
Ziroom is a Beijing-based residential rental company that leases apartments from individual owners, renovates them into standardised homes and rents them to tenants on long-term contracts. It began in 2011 as a business unit of the residential brokerage Lianjia and also offers cleaning, moving and home repair services, brand apartments, and second-hand home brokerage. The company says it covers more than 30 cities and has served about 5 million tenants. It raised RMB 4 billion in a January 2018 Series A led by Warburg Pincus, Sequoia Capital China and Tencent, followed by a USD 500 million Series B in June 2019 led by General Atlantic and a USD 1 billion investment from SoftBank Vision Fund in November 2019. Its acquisitions include the apartment operator Bestbond in 2020.
Founded
2011
HQ
Website
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 undisclosed-stage round in March 2020. Read the announcement ↗
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 4 priced rounds.
Ziroom valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2020 | Undisclosed stage | $6.6B |
| 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 | $6.6B | SoftBank Vision Fund put USD 500 million of new cash into Ziroom, the primary half of a USD 1 billion investment that closed in November 2019 and was reported by the Wall Street Journal in March 2020. The other USD 500 million bought shares from founder Xiong Lin and is recorded on a separate secondary row. According to the WSJ account, the investment valued the housing rental platform at USD 6.6 billion. Ziroom, based in Beijing, began in 2011 as a business unit of the residential brokerage Lianjia and leases apartments from individual owners, renovates them and rents them to long-term tenants, managing more than one million rooms. Earlier rounds were a RMB 4 billion Series A in January 2018 led by Warburg Pincus, Sequoia Capital China and Tencent and a USD 500 million Series B in June 2019 led by General Atlantic. SoftBank also invested in the Lianjia-linked property portal Beike at around the same time. |
| Mar 2020 | Secondary | SoftBank Group (lead) | $500M | $6.6B | SoftBank Vision Fund invested USD 1 billion in Ziroom in a transaction that closed in November 2019 and was reported by the Wall Street Journal in March 2020. The WSJ account said the investment valued the housing rental platform at USD 6.6 billion. It followed a January 2018 Series A of RMB 4 billion led by Warburg Pincus, Sequoia Capital China and Tencent, and a USD 500 million Series B in June 2019 led by General Atlantic. Ziroom is a unit of the residential brokerage Lianjia, is based in Beijing and manages more than one million rooms in China, leasing apartments from individual owners, renovating them and renting them to long-term tenants. SoftBank was at the same time reported to have invested in the Lianjia-linked property portal Beike. |
| Jun 2019 | Series B | General Atlantic (lead); Tencent; Tiantu Capital; HSG | $500M | $4.5B | Ziroom completed a Series B financing of about USD 500 million in June 2019, led by existing investor General Atlantic with Tencent, Sequoia Capital China and Tiantu Capital also taking part, according to Chinese technology media 36Kr as relayed by Mingtiandi and EqualOcean. The reports put the company at a valuation of USD 4.5 billion. The round came nearly a year and a half after Ziroom raised RMB 4 billion (USD 621 million) at a RMB 20 billion valuation in its January 2018 Series A, led by Warburg Pincus, Sequoia Capital China and Tencent. Ziroom was launched in 2011 as a business unit of the residential brokerage Lianjia and is based in Beijing. It leases apartments from individual owners, refurbishes them into standardised homes and rents them out, operating in nine Chinese cities with more than 800,000 listings, about 2 million tenants and 300,000 landlords, short of its goal of one million listings by the end of 2018. Ziroom had issued no statement on the financing when the reports appeared. |
| Jan 2018 | Series A | HSG (lead); Tencent (lead); Warburg Pincus (lead); K11 Investment; SUNAC; China Renaissance; General Atlantic; Mubadala; Source Code Capital | $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?
11 investors have backed Ziroom across its funding rounds, including SoftBank Group, HSG, Tencent, General Atlantic, Warburg Pincus and Mubadala.
Lead investors include SoftBank Group, General Atlantic, HSG, Tencent and Warburg Pincus.
Ziroom Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2020 | ||
| 2 | Lead | Jan 2018 | ||
| 2 | Lead | Jan 2018 | ||
| 2 | Lead | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Lead | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
This data is available for Pro users. Sign up to see all 11 Ziroom investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
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
| 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 Scout24, and private ones like QuintoAndar and Back Market.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.6B | $315M | $7.3B | 2.4x | ||
| Private | $29M | - | $5.1B | - | ||
| Publicly listed | $3.2B | $183M | $13B | 3.5x | ||
| Publicly listed | $14B | $740M | $20B | 1.2x | ||
| Publicly listed | $727M | $374M | $6.6B | 8.4x | ||
| Private | $223M | - | $5.7B | 25.5x |
Ziroom Public Comps
Ziroom is still privately-owned, but its public comps include Scout24, carsales.com, Vornado Realty Trust, Deutsche Wohnen, Lyft, FirstService, CTS Eventim, Frontdoor, Talabat and Melisron.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $727M | $374M | 9.7x | 8.4x | 18.9x | 14.0x | |||
| $880M | $468M | 8.5x | 8.2x | 16.0x | 14.6x | |||
| $1.8B | $1.7B | 8.8x | 8.6x | 9.4x | 19.8x | |||
| $1.3B | $887M | 11.2x | 12.0x | 16.9x | 19.6x | |||
| $6.3B | $103M | 0.9x | 0.8x | 55.7x | 8.5x | |||
| $5.5B | $525M | 1.5x | 1.5x | 15.9x | 14.3x | |||
| $3.4B | $604M | 1.6x | 1.5x | 9.3x | 8.2x | |||
| $2.1B | $484M | 3.1x | 3.0x | 13.6x | 11.3x | |||
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 undisclosed-stage round 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, General Atlantic, HSG, K11 Investment, SUNAC, China Renaissance, Warburg Pincus, Mubadala, Tiantu Capital and 1 other. |
| Which companies are comparable to Ziroom? | Companies comparable to Ziroom include Zillow, QuintoAndar, CoStar Group, KE Holdings, Scout24 and Back Market. |
| How many companies has Ziroom acquired? | Ziroom has acquired 3 companies, including Maison, 3+9 and Bestbond. |
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