Zigbang

Venture Capital
PORTFOLIO

Industry : Real Estate Platform

Investment Year : 2014
Investment Type : Early Stage

At the time of the initial investment, Zigbang had a robust user base and also just started applying an advertisement business model to the realtors that list offerings in the mobile app.

Zigbang operates a real estate listing platform of the same name. They are the #1 service in the Korean market. Currently they are focused in the 1 room/ 2 room listings only.

Stonebridge Capital invested in at the early stages of the business and followed on investment for the next investment round as well. At the time of the initial investment, Zigbang had a robust user base and also just started applying an advertisement business model to the realtors that list offerings in the mobile app.

Sungwoo Ahn, the founder of Zigbang, moved fast and decisively in acquiring user base, creating value for the realtors, and optimizing operation efficiency.  

Zigbang is showing exponential growth in the recent years. They moved on to receive later stage funding from GoldmanSachs  at a multi-hundred dollar valuation.