ZEPETO - About the company
ZEPETO is a series B company based in Seongnam-si (South Korea), founded in 2018. It operates as a Metaverse social platform offering 3D character creation. ZEPETO has raised $155M in funding from JYP Entertainment and SoftBank Vision Fund, with a current valuation of $1B. The company has 325 active competitors, including 68 funded and 13 that have exited. Its top competitors include companies like Meta, VRChat and IMVU.
Sectors and market segments that ZEPETO operate in
ZEPETO serves in the High Tech, Media & Entertainment market segments.The primary business model of ZEPETO are:Company Details
Metaverse social platform offering 3D character creation. It allows users to upload photos and create personalized 3D characters. It enables users to add text, hair and face effects, and emojis and share them with friends. It is available for Android and iOS devices.
- Website
- web.zepeto.me/en
- Social
- Email ID
- *****@zepeto.me
Key Metrics
Founded Year
2018
Location
Seongnam-si, South Korea
Stage
Series B
Total Funding
$155M in 2 rounds
Latest Funding Round
Post Money Valuation
$1B as on Nov 30, 2021
Investors
Ranked
6th among 325 active competitors
Investment & Acquisitions
Legal entities associated with ZEPETO
ZEPETO is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Naver Jet Co., Ltd. CIN: 683-88-01933 , South Korea, Active | Apr 30, 2020 | - | - | - |
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ZEPETO's funding and investors
ZEPETO has raised a total funding of $155M over 2 rounds. Its first funding round was on Dec 05, 2020. Its latest funding round was a Series B round on Nov 30, 2021 for $150M. 2 investors participated in its latest round. ZEPETO has 9 institutional investors.
Here is the list of recent funding rounds of ZEPETO:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 30, 2021 | $150M | Series B | $1B | 28.3x | ||
Dec 05, 2020 | $4.6M | Series A | - | - | - |
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ZEPETO's Competitors and alternates
Top competitors of ZEPETO include Meta, VRChat and IMVU. Here is the list of Top 10 competitors of ZEPETO, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Meta 2004, Menlo Park (United States), Public | Developer of social media, messaging, and virtual reality technology platforms | - | 78/100 | |
2nd | VRChat 2014, San Francisco (United States), Series D | Provider of a VR-based social platform | $96M | 68/100 | |
3rd | IMVU 2004, Mountain View (United States), Series E | Provider of an online 3D avatar-based social network | $77M | 63/100 | |
4th | Avakin 2013, Nottingham (United Kingdom), Series A | Developer of a social application offering customizable avatars and virtual environments | $27.8M | 62/100 | |
5th |  Flam 2021, San Francisco (United States), Series A | Provider of AI‑native mixed‑reality and interactive‑content platform | $22.5M | 59/100 | |
6th | ZEPETO 2018, Seongnam-si (South Korea), Series B | Metaverse social platform offering 3D character creation | $155M | 58/100 | |
7th |  Decentraland 2017, Buenos Aires (Argentina), Series B | NFT-based platform for virtual world games | $25M | 58/100 | |
8th |  Status 2024, Long Island City (United States), Series A | Developer of an AI-powered platform for role-playing and social interaction | $17M | 57/100 | |
9th | Provider of a virtual reality based social networking solution | $125M | 56/100 | ||
10th | Provider of personality-based social networking solutions | - | 54/100 |
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ZEPETO's Investments and acquisitions
ZEPETO has a total of 1 investment in Kinetix. ZEPETO has not made any acquisitions as of now.Reports related to ZEPETO
Here is the latest report on ZEPETO's sector:
News related to ZEPETO
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Coach Partners with Roblox and Zepeto to Bring Spring 2024 Collection to the MetaverseGlobal Village Space•Jul 19, 2024•Coach, Roblox, ZEPETO
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Zepeto Collaborates with UAE’s Sharjah Media City for Metaverse AdvancementsCryptoflies•Dec 12, 2023•ZEPETO, Shams
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ZEPETO Partners with Fuji TV to Launch a Joint Virtual Avatar Audition ProgramPR Newswire•Oct 17, 2023•ZEPETO, Fujitv, NAVER Z
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Spain’s Zara launches digital fashion range exclusively on ZepetoFibre2Fashion•May 17, 2023•Zara, ZEPETO
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