ZIGBANG
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ZIGBANG - overview
Established
2010
Location
Seoul, -, South Korea
Primary Industry
Internet
About
Founded in 2010 and based in Seoul, South Korea, ZIGBANG, formerly known as ChannelBreeze, operates a real estate mobile application that provides rental and sale information on properties. In June 2022, ZIGBANG raised KRW 100 billion in pre-IPO funding from new investors Korea Development Bank, IMM Investment, Hana Financial Investment, and Individual investors. As of 2022, the company is led by its CEO Seongwoo Ahn. ZIGBANG offers a mobile platform for the rental and sale of accommodation spaces.
Users can find information on available accommodation spaces in various cities.
Current Investors
BlueRun Ventures, SL Investment, Posco Investment
Primary Industry
Internet
Sub Industries
Internet, Information Services
Website
www.zigbang.com
Verticals
Mobile Apps, Real Estate Tech
Total Amount Raised
Subscriber access only
ZIGBANG - timeline of key events
ZIGBANG - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 27,550,831,765 | 34,560,288,867 | 41,457,487,069 | 41,513,537,119 | 45,815,385,822 | 55,881,485,322 | 88,293,364,089 | - | - | - |
| % Revenue Growth (YoY) | - | 25.4% | 20.0% | 0.1% | 10.4% | 22.0% | 58.0% | - | - | - |
| EBITDA (USD) | 1,163,582,589 | 855,418,678 | 1,496,991,957 | (3,988,449,111) | 4,152,399,473 | (6,907,831,412) | (30,286,475,676) | - | - | - |
| Operating Income (USD) | 1,043,869,362 | 704,172,016 | 1,321,795,126 | (4,156,328,586) | 3,833,565,600 | (8,225,550,999) | (37,085,240,955) | - | - | - |
| Operating Margin | 3.8% | 2.0% | 3.2% | (10.0%) | 8.4% | (14.7%) | (42.0%) | - | - | - |
| % EBITDA Margin | 4.2% | 2.5% | 3.6% | (9.6%) | 9.1% | (12.4%) | (34.3%) | - | - | - |
| NET Income (USD) | 1,513,532,387 | 1,168,085,921 | 1,774,275,960 | (2,448,584,600) | 7,376,944,544 | (12,954,237,911) | (51,512,945,005) | - | - | - |
| % Net Margin | 5.5% | 3.4% | 4.3% | (5.9%) | 16.1% | (23.2%) | (58.3%) | - | - | - |
ZIGBANG - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Stock Purchase | Completed | ZIGBANG | - | ||||||||
| Secondary Stock Purchase | Completed | ZIGBANG | - |
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ZIGBANG - employee data
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