Predict your next investment

toggle company logo
Corporation
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing
toggle.co.jp

See what CB Insights has to offer

Investments

3

About toggle

toggle is a real estate investment and incubation company.

toggle Headquarter Location

9-5-12 Akasaka, Minato-ku Parkside Sixth B1F Room C

Tokyo, 107-0052,

Japan

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

toggle Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

toggle Rank

Latest toggle News

PropertyGuru to go public in merger with SPAC backed by Richard Li, Peter Thiel

Jul 24, 2021

PropertyGuru to go public in merger with SPAC backed by Richard Li, Peter Thiel Toggle share menu Advertisement A PropertyGuru banner seen in Singapore. (File photo: Facebook/PropertyGuru.com.sg) 24 Jul 2021 03:45AM Bookmark Southeast Asian online realty company PropertyGuru on Friday (Jul 23) agreed to go public through a merger with a blank-check firm backed by billionaires Richard Li and Peter Thiel, giving the combined company an equity value of about US$1.78 billion. The deal with Bridgetown 2 Holdings, a special purpose acquisition company (SPAC), is expected to fetch proceeds of $431 million, including a private investment of US$100 million from Baillie Gifford, Naya, REA Group, Akaris Global Partners, and one of Malaysia's largest asset managers. Advertisement Australia's REA Group has also committed to an additional US$32 million investment, PropertyGuru said. Founded in 2007, PropertyGuru currently hosts more than 2.8 million monthly real estate listings. It also serves 37 million property seekers a month and 49,000 active property agents across Indonesia, Malaysia, Singapore, Thailand and Vietnam. The company offers digital property marketplaces to match buyers and tenants with sellers and landlords, as well as digital marketing for property agents and developers. "The market for property is probably the oldest market in the world, and only now is it beginning to change rapidly," said Peter Thiel, president of Thiel Capital. Advertisement Advertisement "As PropertyGuru spearheads that change in Southeast Asia, Bridgetown 2 will provide capital and expertise to accelerate it even further," he said. The combined company will have an enterprise value of about US$1.35 billion. The deal is expected to close in the fourth quarter of 2021 or the first quarter of 2022. Merrill Lynch (Singapore) Pte Ltd is serving as exclusive financial advisor to PropertyGuru on the deal. Source: Reuters

toggle Investments

3 Investments

toggle has made 3 investments. Their latest investment was in ZIRITZ as part of their Seed VC on February 2, 2021.

CBI Logo

toggle Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/26/2021

Seed VC

ZIRITZ

$0.47M

Yes

2

6/24/2020

Series B

Subscribe to see more

$99M

Subscribe to see more

10

2/28/2020

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

2/26/2021

6/24/2020

2/28/2020

Round

Seed VC

Series B

Seed VC

Company

ZIRITZ

Subscribe to see more

Subscribe to see more

Amount

$0.47M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

10

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.