San Francisco-based Zumper, a rental listing site, has acquired competitor PadMapper, a move that will further grow its millennial-centric user base and expand its coverage to Canada. PadMapper will operate as a subsidiary of Zumper and PadMapper's CEO, Eric DeMenthon, and chief technology officer (CTO), Rob Cromwell, will join Zumper. Other terms of the acquisition were not disclosed. Zumper, which has raised $20.2 million in funding to date, says the acquisition will position Zumper as the "fifth most trafficked rental platform" and that Zumper and PadMapper received a combined 4 million visits in January. Some of the most popular rental websites include Apartments.com, Apartment Guide and ForRent.com. Zillow recently bought what it said is the biggest New York City rental-only site, Naked Apartments, for $13 million. Screenshot showing Zumper search results page. Launched in 2009, PadMapper was the first map-based search platform in the U.S. and Canada, ...
- Agents and landlords can list rental properties for free on both sites. Zumper offers free rental applicant screening.
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