South Korean proptech leader Zigbang has successfully raised approximately USD 44 million (KRW 60 billion) in a new funding round. On May 7, the company finalized a $44 million Bond with Warrant (BW) subscription agreement with VIG Alternative Credit (VAC), the credit investment arm of VIG Partners.

Zigbang stated, “The positive evaluation of Zigbang and Hogangnono’s vision to innovate the real estate market has enabled us to secure this investment at the same valuation as our previous round. We share a common perspective with our investors on the immense potential of the real estate industry, the largest market sector.”

Operating the Zigbang and Hogangnono platforms, the company has maintained its position as the industry leader for over a decade by integrating cutting-edge proptech solutions. Zigbang has achieved consistent success in the one- and two-room rental market while recently expanding into high-margin business models, including a new advertising service for apartment brokers and marketing products for new property developments, driving rapid growth.

Additionally, following its acquisition of Samsung SDS’s Home IoT division, Zigbang has ventured into the smart home sector. The company has introduced next-generation AI-powered smart home solutions, such as facial recognition door locks and lobby phones, and is expanding exports to Asian markets, including China, Singapore, Taiwan, and Australia.

Through a focus on new business development and internal cost optimization, Zigbang significantly reduced its operating losses last year and achieved profitability in early 2025.

CEO Ahn Sung-woo remarked, “This investment will fuel the growth of our newly established, high-margin businesses while we continue to prioritize financial stability to sustain our upward performance trajectory. We aim to lead the digital transformation of the real estate market, a sector of significant public interest, and establish a new paradigm for real estate transactions.”