Dwellsy – a rental marketplace with the most comprehensive data and listings – recently announced the closing of an oversubscribed $11.5 million seed funding round. Ulu Ventures led the round, joined by the University of Chicago, Frontiers Capital, Heroic Ventures, NJP Ventures, Blackhorn Ventures, Gaingels, and the BCG Angels.
The company – which launched four years ago – hosts a consumer-facing marketplace and provides quality, enterprise-level rental price data. This is something that previously was not been available nationally. This data – which is continuously refreshed and includes information on over 14 million rental units. Over 250 attributes are covered, providing extensive details for informed decision-making.
Rosalind and Jonas Bordo created Dwellsy in 2019. And the husband-and-wife team quickly built the largest-ever inventory of available rental properties. Property managers, landlords, and renters embraced the platform in record numbers. And as of September 2023, over 14 million individual rental homes and apartments list on Dwellsy when they have availability.
The company’s inventory represents the full range of rentals: homes and apartments, single-family rentals in small towns, and high-rise towers in major cities.
KEY QUOTES:
“Dwellsy’s success is due to pent-up demand for a rental housing marketplace that provides an amazing experience for renters; zero-cost, high-quality listings for residential rental owners and managers; and high-quality property rental price data for businesses. There’s a huge base of renters and owners who need help navigating a system that’s more complex than it’s ever been—particularly with the rental fraud happening on other platforms.”
— Jonas Bordo, Dwellsy’s CEO and cofounder
“In Dwellsy, we saw an opportunity for an enormous unserved market—renters—to get the great service they’ve always wanted and deserved. Dwellsy is the first company we’ve seen that can remake this broken market, improving lives for America’s 110 million renters and 10 million landlords—and addressing an $800 billion-plus market in the process.”
— Steve Reale, partner, Ulu Ventures, and Dwellsy board member
“We’re honored to partner with over 20,000 professional property management organizations and hundreds of thousands of individual landlords to bring their great inventory to renters. They’ve got the amazing homes and apartments that renters want, and Dwellsy is the platform that renters can use to find the best available rental, quickly and easily.”
— Rosalind Bordo, Dwellsy’s chief product officer and cofounder
