Zumper Raises $60 Million to Grow Its Sales and Engineering Team

Zumper Raises $60 Million to Grow Its Sales and Engineering Team

Zumper aims to make renting an apartment as easy as booking a hotel. With 13 million visits per month, it's free online, and mobile rental search marketplace has become the largest startup in the industry

FREMONT, CA: Zumper, the largest privately-held rental marketplace in the U.S., raised $60 million in its Series D round of financing led by new investor e.ventures, bringing the company's total funding to more than $150 million.

Zumper's mission is to make renting an apartment as easy as booking a hotel by flawlessly connecting renters and landlords through their rental journey from search to close. The new capital from the funding will be used to accelerate the company's mission, grow the sales and engineering teams, and invest in scaling its unique end-to-end transactional tools.

"Zumper's progress so far is striking, and it has quickly become the leading independent company focused on the rental market," said Mathias Schilling, Co-Founder and Managing Partner with e.ventures. "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."

Ever since its launch in 2012, Zumper has rapidly grown, and in terms of users, it is the largest privately held company in its industry. More than 80 million people each year use Zumper to find, list, and rent properties in the U.S. and Canada. The company has experienced 100 percent year-over-year revenue growth and expanded to 200 employees based in offices in San Francisco, Scottsdale, New York, Chicago, and Rhode Island. It has also become a standard industry resource for residential rental data across the U.S. and Canada, with more than one million listings advertised and analyzed every month.

"We founded Zumper to build the first online booking experience for long term apartment rentals," said Anthemos Georgiades, CEO, and Co-Founder of Zumper. "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."

Zumper is the first end-to-end marketplace for renters and landlords, offering renters the ability to find, apply for and then book their next apartment, as well as digitally pay their landlord their rent, all in one place. For small landlords and multi-family properties, Zumper provides confidence and convenience through the entire rental transaction, from helping find reliable tenants, marketing to millions of active renters, to collecting rent.

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