About Zencity
Zencity is a company based in Tel Aviv (Israel) founded in 2014. It operates as a AI-as-a-Service, and Subscription Services. Zencity has raised $94.7 million across 6 funding rounds from investors including StepStone Group, Tel Aviv University and TLV Partners. Zencity has completed 3 acquisitions, including Civil Space, Commonplace and Elucd. Zencity offers products and services including Zencity Platform, Performance Management, and Public Safety and Trust. Zencity operates in a competitive market with competitors including Polco, Fraym, TerraGo, Urban SDK and RadiusAI, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Government & Social SectorTechnology
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$94.7 M (USD)
in 6 rounds
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Latest Funding Round
$40 M (USD), Series C
Jun 18, 2024
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Investors
StepStone Group
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
Civil Space
& 2 more
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Products & Services of Zencity
Zencity offers a comprehensive portfolio of products and services, including Zencity Platform, Performance Management, and Public Safety and Trust. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Community data is analyzed to support government decisions.
Public services are monitored using resident feedback data.
Resident confidence in law enforcement is assessed accurately.
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Funding Insights of Zencity
Zencity has successfully raised a total of $94.7M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $40.0M
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First Round
First Round
(04 Sep 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series C - Zencity | Valuation | StepStone Group | |
| Jun, 2021 | Amount | Series C - Zencity | Valuation | TLV Partners , Vertex Ventures Israel | |
| Aug, 2020 | Amount | Series B - Zencity | Valuation | TLV Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Zencity
Zencity has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include StepStone Group, Tel Aviv University and TLV Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing in early stage startups in Israel & the US
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in Israel
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups are facilitated by M12.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zencity
Zencity has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Civil Space, Commonplace and Elucd. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based software for civic engagement and community collaboration is offered.
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2018 | ||||
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AI-based video analytics solutions provider
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2015 | ||||
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A digital platform for citizen engagement is offered.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Zencity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zencity Comparisons
Competitors of Zencity
Zencity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Polco, Fraym, TerraGo, Urban SDK and RadiusAI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Civic engagement tool for opinion on policies
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| domain | founded_year | HQ Location |
AI and satellite imagery are analyzed online for industry applications.
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| domain | founded_year | HQ Location |
Mobile based data collection and geospatial collaboration software provider
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| domain | founded_year | HQ Location |
Smart mobility data and analytics platform is provided for cities.
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| domain | founded_year | HQ Location |
Customer journeys and satisfaction are analyzed via cloud-based AI software.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zencity
Frequently Asked Questions about Zencity
When was Zencity founded?
Zencity was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Zencity located?
Zencity is headquartered in Tel Aviv, Israel.
Is Zencity a funded company?
Zencity is a funded company, having raised a total of $94.7M across 6 funding rounds to date. The company's 1st funding round was a Series B of $13.5M, raised on Sep 04, 2017.
What does Zencity do?
Zencity is engaged in providing AI-powered analytics to local governments, state agencies, and law enforcement. Community trust and public safety are enhanced through data-driven insights. Solutions are offered for performance management, strategic planning, and resource allocation. Sectors served include public administration and education. Advanced tools are utilized to analyze resident feedback and media sources. Community engagement is prioritized to support transparent decision-making.
What products or services does Zencity offer?
Zencity offers Zencity Platform, Performance Management, and Public Safety and Trust.
How many acquisitions has Zencity made?
Zencity has made 3 acquisitions, including Civil Space, Commonplace, and Elucd.
Who are Zencity's investors?
Zencity has 9 investors. Key investors include StepStone Group, Tel Aviv University, TLV Partners, Vertex Ventures Israel, and M12.
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