South Korean proptech unicorn Zigbang has raised a significant new investment of KRW 60 billion through a bond with warrants (BW) agreement with VIG Alternative Credit (VAC), the credit investment arm of VIG Partners. This latest funding injection underscores the robust growth potential and forward-thinking vision of both Zigbang and its affiliated platform, Hogangnono.
According to company the investment was secured at the same corporate valuation as the previous funding round, signaling continued strong confidence in Zigbang’s market leadership within the real estate sector and the overall prospects of the industry.
For over a decade, Zigbang has maintained its position as the No. 1 real estate platform in South Korea, successfully operating both the Zigbang and Hogangnono services. Expanding beyond traditional real estate services, Zigbang has ventured into the smart home technology space following its acquisition of Samsung SDS’s Home IoT division. This strategic move has enabled the company to develop AI-powered solutions including facial recognition door locks and lobby phones.
The fresh capital will be strategically deployed to accelerate the development of these innovative business areas and to support Zigbang’s ambitious global expansion plans. The company has identified key target markets including China, Singapore, Taiwan, and Australia, indicating a strong commitment to establishing an international presence.
Furthermore, Zigbang has demonstrated improved financial performance, achieving profitability in early 2025 after successfully implementing measures to significantly reduce operating losses in the preceding year.
