The round was led by e.ventures, which made its first investment into Zumper. With the fresh funds, Zumper will accelerate its company mission, increase sales and engineering teams, and boost its end-to-end transactional tools.
Zumper, which launched in 2012, helps over 80 million people each year to find, list, and rent properties in the US and Canada. The end-to-end marketplace enables renters to find, apply, and book their next apartment and pay their rent digitally.
The PropTech has witnessed a 100% year-over-year revenue growth and has expanded to 200 employees across its offices in San Francisco, Scottsdale, New York, Chicago, and Rhode Island.
Zumper CEO and co-founder Anthemos Georgiades said, “We founded Zumper to build the first online booking experience for long term apartment rentals.
“This fundraising 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.”
This investment brings Zumper’s total capital raised to $150m and follows its $46m Series C it closed in 2018. The previous round was backed by Axep Springer, Stereo Capital, Blackstone, Dawn Capital, Kleiner Perkins, Breyer Capital, Scott Cook, Goodwater Capital, and xfund.