MGRV

Private

SeoulReal Estate & PropTechhttps://mangrove.city/

Last Round

Joint Venture

Jan 23, 2025

Total Funding Raised

$42.26M

Company Overview

MGRV is a real estate development and operating company that provides co-living and residential housing solutions in South Korea under the brand 'Mangrove'.

Sector

Real Estate & PropTech

Verticals

Property Management, Co-working Spaces, Tenant Experience, Property Investment

Business Model

B2C

Customer Profile

Subscription SaaS, Services & Consulting

AI Layer

Non-AI

Keywords

co-livingcolivingproptechresidential platformshort-term staywork and staydigital nomad housingproperty managementreal estate developmentcommunity livingflexible housingrental housingtenant experienceurban housing

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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MGRV Comps

Public and private peers based on sector, stage, and business model.

MGRV comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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MGRV Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Joint Venture	Jan 23, 2025
Series B Extension	Feb 1, 2023
Follow-on Offering	Dec 3, 2022
Series B	Jan 28, 2021
Series A	Mar 26, 2020

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Key People

Founding team and executive leadership

Kangtae Cho

Chief Executive Officer

Executive Team

Sungbae Lee

Chief Technology Officer

Executive Team

Jungwoong Kim

Chief Operating Officer

Executive Team

MGRV Investors

Notable investors and investment history

MGRV investors
Investor	Rounds
Seoul Investment Partners	Series B, Series A
CPP Investments	Joint Venture
KB Investment	Series B
The Wells Investment	Series A
KB Investment	Series B
TS Investment	Follow-on Offering, Series B, Series B Extension
Simone Investment Managers	Series B Extension

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Market signals

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Feb 1, 2023
$10.2M round led by TS Investment.
Jan 28, 2021
$14M round with participation from Daesung Private Equity and HB Investment.

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MGRV Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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MGRV Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSeoul

Employee Range59

Year Founded2018

Last FundingJan 23, 2025

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