Rental Marketplace Company Zumper Raises $60 Million Led By e.ventures

By Amit Chowdhry ● March 15, 2020
  • Rental marketplace company Zumper announced it raised $60 million in Series D funding led by new investor e.ventures

Rental marketplace company Zumper announced it raised $60 million in Series D funding led by new investor e.ventures earlier this week. Existing investor Greycroft also joined the round. Including this round of funding, Zumper has raised over $150 million since it was founded in 2012.

Stereo Capital and Axel Springer led Zumper’s $46 million Series C round of funding in September 2018. At the time, the company had a pre-money valuation of $200 million.

Zumper co-founder & CEO Anthemos Georgiades told Crunchbase that this funding round was a “significant step up from our 2018 valuation.”

Zumper has a goal of making renting apartments as simple as booking a hotel. Last year, Zumper was used by 67 million to find, list, or rent properties in the US and Canada. And that figure is expected to hit 80 million this year.

With Zumper, users can also digitally pay rent to landlords. Plus it helps landlords with finding tenants and collecting rent. And Zumper generates revenue by charging landlords to be at the top of the feed. Plus Zumper is also paid to lease closes.

Recently, Zumper doubled its headcount to 200. The company had a 100 employees about a year ago. Zumper’s employees are based out of offices in San Francisco, Scottsdale, New York, Chicago, and Providence.

With this round of funding, Zumper plans to hire more sales and engineering team members. Plus the company will be investing in scaling its transactional features.

e.ventures co-founder and managing partner Mathias Schilling pointed out that Zumper’s progress has been “striking” so far.