• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Marketplaces & E-commerce

Zigbang attracts 100 billion won ($77 million) pre-IPO investment

Richard Park by Richard Park
July 1, 2022
in Marketplaces & E-commerce
0
Zigbang

Zigbang provides source for searching apartment/homes in Korea.

0
SHARES
160
VIEWS
Share on FacebookShare on Twitter

Zigbang, a leading Korean proptech startup, has attracted 100 billion won ($77 million) in what is analyzed as pre-IPO funding from leading Korean investor firms.

The company that has revolutionized the real estate industry in Korea got investment from KDB Industrial Bank, IMM Investment, and Hana Financial Investment. It is the first time in three years since 2019 that Zigbang has attracted a large-scale investment, and the enterprise value of the proptech startup is evaluated to be 2.5 trillion won ($1.9 billion), with the pre-IPO investment.

Company to expand services

Zigbang has been a leading digital resource for people to find rental homes or apartment in Korea. Recently it had received 33.5 billion won ($27 million) from Venture Fund Association. The latest investment solidifies Zigbang’s position for a public listing, which is expected to be done in the next two or three years.

Investors highly evaluated the growth potential of Zigbang, Korea’s No. 1 proptech startup. In particular, Zigbang’s recent self-developed and global launch of the virtual office platform ‘Soma’ and the smart home vision through the acquisition of Samsung SDS’ home IoT division were highly evaluated.

KDB Korea Development Bank and Shinyoung Securities are also pursuing a joint arrangement of up to 60 billion won ($46 million) in loans to support the acquisition of Samsung SDS’s home IoT business.

Zigbang plans to use this pre-IPO investment to take the next step forward as a “comprehensive proptech company” that covers all areas of housing, from finding a rental home or apartment in Korea to managing the house. Ahn Seong-woo, CEO of Jikbang, said, “We have obtained a valuable driving force for the innovation of the real estate industry in Korea and the residential environment amid the investment cold wave caused by the global economic downturn and interest rate hike. We will focus on creating synergy for the smart home vision.”

Also Read,

  • Proptech startup Zigbang receives $27 million investment from VC Association fund
  • Zigbang forays to the smart home market with Samsung SDS’ home IoT unit acquisition
  • Seoul gets recognition for its startup ecosystem as Korean companies innovate to go global
  • 13 Reasons Why Seoul is the best city for startups to launch their business 
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: apartment in KoreaInvestmentpre-IPO fundingProptech startupRental homesZigbang
Previous Post

Beauty & Lifestyle Influencer service company Leferi acquires ‘Make Me Up’ app

Next Post

Top Korean startup event COMEUP 2022 accepting applications for COMEUP Stars program

Next Post
COMEUP 2022

Top Korean startup event COMEUP 2022 accepting applications for COMEUP Stars program

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
0 Comments
Inline Feedbacks
View all comments
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • Top Korean startup event COMEUP 2022 accepting applications for COMEUP Stars program

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    12 shares
    Share 12 Tweet 0
  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Medical AI startup Lunit makes KOSDAQ debut with 28.7% surge in stock price

    0 shares
    Share 0 Tweet 0
  • Top 3 Websites where you watch Korean drama & movies

    12 shares
    Share 12 Tweet 0
  • Korean financial super app Toss operator Viva Republica attracts $228 million investment

    0 shares
    Share 0 Tweet 0
  • Korean startup Alchemi Lab develops the world’s first MPT-based crypto-trading platform

    0 shares
    Share 0 Tweet 0
  • Korean Webtoon companies that are giving the audience addictive content

    15 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Korea adds 5 new unicorn startups in the first half of 2022; Total now 23  

    0 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2022 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2022 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

Posting....
wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.