Zumper raises $60 million

Zumper, “the largest privately-held rental marketplace in the US,” has raised $60 million in a Series D round led by e.ventures, which brings its total funding to ~$137 million.

Founded in 2012, Zumper is on a mission to make renting an apartment as easy as booking a hotel by seamlessly connecting renters and landlords through their rental journey from search to close. Through the platform, renters can find, apply for and then book their next apartment, as well as pay their landlord. More than 80 million people each year use Zumper to find, list, and rent properties in the US and Canada. The company has experienced 100% year-over-year revenue growth and expanded to 200 employees based in offices in San Francisco, Scottsdale, New York, Chicago, and Rhode Island. Zumper has also become a standard industry resource for residential rental data across the US and Canada with more than one million listings advertised and analyzed every month.

“Zumper’s progress so far is striking, and it has quickly become the leading independent company focused on the rental market. We believe that Zumper is well positioned because of its focus on providing an exceptional product for renters and great value for landlords and multi-family properties.” – Mathias Schilling, cofounder and Managing Partner with e.ventures.

“We founded Zumper to build the first online booking experience for long term apartment rentals. This fundraise helps us pull ahead of the competition in delivering this vision. Renting an apartment should be as easy as walking into an open house, leaving a deposit for the apartment, then paying your rent to the landlord, all through the same platform. This is what we have built, and now it’s about scaling it.” – Anthemos Georgiades, CEO and cofounder of Zumper.

Bottom Line: Zumper is exploring the area of insurance.