Total amount raised
$180.3 Million
Latest funding date
8/1/2022
Location
Zumper has successfully raised funding over seven rounds, with the latest being a Series D. The company is backed by 21 investors, including notable names like Kleiner Perkins and Goodwater Capital.
Keep reading to explore the intricacies of Zumper's fundraising journey and the investors backing this innovative rental platform.
What Is Zumper?
Zumper is the largest privately owned rental platform in North America, headquartered in San Francisco, California. The company operates within the Mobile Apps, PropTech, Real Estate, and Rental industries. It aims to simplify the rental process, making it as easy as booking a hotel.
Founded by a team of passionate innovators, Zumper has grown to employ between 101-250 people. The platform offers a comprehensive database of over 1 million rental listings across the U.S. and Canada, providing resources like rent trends, city guides, and affordability calculators to help renters make informed decisions.
How Much Funding Has Zumper Raised?
- Series A (March 2014)
- Amount Raised: USD 6,500,000
- Date: March 2014
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance its technology.
- Series A (June 2015)
- Amount Raised: USD 6,400,000
- Date: June 2015
- Lead Investors: Goodwater Capital, Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase market penetration.
- Series A (January 2016)
- Amount Raised: USD 6,850,000
- Date: January 2016
- Lead Investors: Goodwater Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance user experience.
- Series B (October 2016)
- Amount Raised: USD 22,700,000
- Date: October 2016
- Lead Investors: Breyer Capital, Foxhaven
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and invest in new market opportunities.
- Series C (August 2018)
- Amount Raised: USD 46,000,000
- Date: August 2018
- Lead Investors: Axel Springer, Stereo Capital
- Valuation at Round: Over $200 million but under $300 million
- Motivation Behind the Round: To support growth and platform development.
- Series D (March 2020)
- Amount Raised: USD 61,750,000
- Date: March 2020
- Lead Investors: Headline
- Valuation at Round: Between $400 million and $600 million
- Motivation Behind the Round: To expand Zumper's footprint in the US, enhance its platform, and develop more tools for its two-sided marketplace.
- Series D (January 2022)
- Amount Raised: USD 30,000,000
- Date: January 2022
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the sales and engineering teams and invest in scaling end-to-end transactional tools.
Total Amount Raised: USD 180,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that specializes in investments in incubation, early-stage, and growth companies. It has been a significant player in the tech industry for decades.
- Investment Focus Areas: Technology, life sciences, healthcare
- Notable Investments: Google, Amazon, Twitter
- Goodwater Capital
- Details: Goodwater Capital is a venture capital firm focused on consumer technology companies. It aims to support innovative startups that have the potential to transform consumer experiences.
- Investment Focus Areas: Consumer technology, digital media, fintech
- Notable Investments: Spotify, Facebook, Kakao
- Axel Springer
- Details: Axel Springer is a German digital publishing house that invests in digital media and technology companies. It is one of the largest digital publishing companies in Europe.
- Investment Focus Areas: Digital media, technology, publishing
- Notable Investments: Business Insider, StepStone, SeLoger
- Breyer Capital
- Details: Breyer Capital is a global venture capital and private equity investor focused on catalyzing high-impact entrepreneurs. It has a strong presence in the technology and media sectors.
- Investment Focus Areas: Technology, media, healthcare
- Notable Investments: Facebook, Etsy, Marvel Entertainment
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm that invests in both early-stage startups and established growth companies. It is known for backing bold entrepreneurs in the tech industry.
- Investment Focus Areas: Technology, fintech, healthcare
- Notable Investments: Facebook, Airbnb, Lyft
What's Next for Zumper?
As Zumper looks to the future, the opportunities for growth are vast. With a substantial user base and a strong financial backing, the company is poised to expand its sales and engineering teams, scale its end-to-end transactional tools, and enhance its digital payment systems. The U.S. apartment rental market, valued at $174.1 billion, offers significant potential for Zumper to increase its market reach and user engagement.
Future fundraising opportunities are likely as Zumper continues to demonstrate successful scaling and market penetration. The company could attract more investors by showcasing its growth trajectory and technological advancements. Potential strategic partnerships and acquisitions could further bolster its market position and service offerings.
However, Zumper will face challenges such as intense competition from other rental marketplaces, maintaining growth in a competitive market, and ensuring the scalability and reliability of its digital tools. Navigating these challenges will be crucial for Zumper to sustain its momentum and continue its mission of making renting as easy as booking a hotel.
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