The Series C funding round will help the San Francisco startup with its in-progress online service for connecting renters to landlords.

  • Rental property platform plans on using $46 million in Series C funding to build an end-to-end platform for renting apartments and single-family homes.
  • The company will hire up to 50 new staff to build out new products.

Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe.

San Francisco-based rental property startup Zumper announced today the close of $46 million in funding. The Series C round came from Axel Springer and Stereo Capital and is earmarked for the development of an end-to-end platform.

Zumper helps more than 8 million visitors per month find apartments and single-family rentals, predict rent prices and connect directly with landlords. Property managers use the software’s machine learning tools to properly market rent prices and facilitate transactions.

The company also announced today the launch of a redesigned website and apps for iOS and Android phones.

In the press release, Zumper said its goal is to make renting property online as easy as booking a hotel. Each year, more than 10 million rental property transactions happen each year, the release stated.

CEO and cofounder of Zumper, Anthemos Georgiades, said frequently moving in his 20s made him realize renting processes were antiquated.

“It was clear the rental industry was ripe for change,” Georgiades said in the press release. “Zumper is well on its way to reshaping the way both consumers and landlords interface with rentals. We will make it as easy as a single click … ”

With this latest round, Zumper has secured more than $90 million in funding. Also contributing to the latest backing were Blackstone and current investors Dawn Capital, Kleiner Perkins Caufield & Byers (KPCB), Breyer Capital, Scott Cook, Goodwater Capital and xfund.

The money will help Zumper hire up to 50 more employees as part of the plan to build a renter-to-landlord pipeline, which will include a mechanism for credit qualification and communicating directly with owners and managers of rental properties under a “Book Now” feature. Zumper presently has 120 employees.

The company claims it’s the largest residential rental startup in the country. Two years ago, Zumper purchased competitor PadMapper, now a subsidiary.

With Zillow moving to offer more online rental features, including the ability to apply for apartments and pay rent online, Zumper’s extra money couldn’t have come at a better time.

Have a technology product you would like to discuss? Email Craig Rowe

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription