New investor checks in at apartment rental app Zumper with $60m fundraise

Ben Heathcote | March 12, 2020

App Deals

Zumper, a San Francisco-based real estate and apartment rental app, has secured $60 million in fresh funding. The Series D round was led by new investor e.ventures, bringing the total raised by the company to $150 million.

Founded in 2012, Zumper’s app allows people to search for listings, apply for a rental and digitally pay landlords the rent. For landlords, it provides a hub for screening tenants and collecting fees and rents.

“We founded Zumper to build the first online booking experience for long term apartment rentals,” said Anthemos Georgiades, CEO and co-founder.

“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.”

Founded in 2012, Zumper has grown to 200 employees across offices in San Francisco, Scottsdale, New York, Chicago and Rhode Island. According to the company, it receives 3 million visits a month and has more than 80 million people each year using its platform to find, list, and rent properties in the U.S. and Canada.

The new money will go toward expanding its marketing and sales teams and to scaling its rental platform.

Investors in Zumper include Kleiner Perkins, Axel Springer, Greycroft, Dawn Capital, Goodwater Capital, Stereo Capital, the Blackstone Group, Breyer Capital, Foxhaven Asset Management, Andreessen Horowitz, Greylock, NEA, CrunchFund and Xfund.

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