The Real Deal New York

Zumper picks up $6.5 million in Series A funding round

Real estate search site in pursuit of end-to-end home, apartment rentals

March 03, 2014 05:45PM

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From left: Taylor Glass-Moore, Zumper logo, Anthemos Georgiades

Home search platform Zumper has raised $6.5 million in a Series A round of funding, the real estate startup announced Monday.

Zumper closed the round from Kleiner Perkins Caufield & Byers, with seed investors NEA and Dawn Capital also participating. Chi-Hua Chien, who led the initial seed investment round from KPCB, will join Zumper’s Board of Directors, according to a press release from the company.

Zumper pursued the funding with the aim of building the first ever end-to-end platform for home and apartment rentals across mobile and web, CEO Anthemos Georgiades said in a release from the startup.

“We built Zumper to increase the speed and efficiency of the apartment rental process for both renters and real estate professionals, and we spent our first year and a half getting the fundamental user experience right,” Georgiades said in the release. “But we have a much bigger vision, which this funding will help accelerate: to power the apartment rental process from end to end.”

Zumper’s mobile-first business-to-business product Zumper Pro has grown at a rate of more than 25 percent month-over-month since launching in April 2013, and the company’s search platform has grown from two initial launch markets to covering the entire U.S., according to the release. — Julie Strickland

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