What is Apartment List?
Apartment List operates an online rental marketplace designed to connect renters and landlords across the United States. The platform offers a comprehensive search functionality, enabling users to discover rental properties based on specific criteria such as price, location, and amenities. The company's mission is to simplify the rental search process, providing a user-friendly experience for both prospective tenants and property owners. Its strategic positioning in the proptech industry aims to streamline the often-complex real estate rental market.
How much funding has Apartment List raised?
Apartment List has raised a total of $164M across 7 funding rounds:
Series A
$23M
Private Equity
$3.7M
Unspecified
$6M
Private Equity
$1.4M
Series B
$30M
Series C
$50M
Series D
$50M
Series A (2013): $23M with participation from Arul Velan and Matrix Partners
Private Equity (2013): $3.7M, investors not publicly disclosed
Unspecified (2014): $6M supported by Glynn Capital and Passport Capital
Private Equity (2014): $1.4M, investors not publicly disclosed
Series B (2016): $30M backed by Glynn Capital, Matrix Partners, and Canaan Partners
Series C (2018): $50M with participation from Western Technology Investment, Industry Ventures, Tenaya Capital, Matrix Partners, Quantum Partners, Allen & Company, John Burbank, Canaan Partners, and Soros Fund Management
Series D (2020): $50M led by Janus Henderson Group plc
Key Investors in Apartment List
Glynn Capital
Glynn Capital is a long-standing investment firm, founded in 1970, that focuses on providing capital to private and public technology growth companies. They support management teams with sustainable business models and long-term growth potential.
Matrix Partners
Matrix Partners is an award-winning firm specializing in strategy, advertising, and public relations, particularly within the pet product industry since 1987. They have a history of creating successful marketing campaigns for numerous consumer and pet product brands.
Canaan Partners
Canaan is an early-stage venture capital firm that invests in technology and healthcare companies from seed through growth stages. Their investment areas include enterprise software, fintech, consumer, biopharma, and digital health, with a track record of supporting numerous IPOs and acquisitions.
What's next for Apartment List?
With the recent influx of $50M in strategic investment, Apartment List is poised for accelerated expansion and further development of its platform. This major enterprise-level funding suggests a focus on scaling operations, enhancing technological capabilities, and potentially exploring new market segments or service offerings. The company's trajectory indicates a strong commitment to solidifying its leadership in the competitive online rental space, leveraging this capital to drive innovation and user acquisition.
See full Apartment List company page
