US-based home rental platform Zumper has attracted $17.6m in series B capital from a consortium including commercial real estate services provider Marcus & Millichap.
The round was co-led by Breyer Capital and Foxhaven Asset Management, while Kleiner Perkins Caufield & Byers (KPCB), Goodwater Capital, Xfund and angel investor Scott Cook also supplied funding.
Founded in 2012, Zumper operates a platform that enables tenants to search and apply for homes and apartments. The company will use some of the series B cash to improve its core product following its acquisition of search platform PadMapper in February this year.
Zumper will launch an additional product in early 2017 that revolves around the moving process. The company said it has been testing the service for the past nine months across several cities but has not provided specific details of the offering.
Zumper has now raised a total of $39.2m in funding, most recently closing $5.6m in funding from unnamed backers in January 2016. Its other shareholders include Andreessen Horowitz, Greylock, New Enterprise Assocaites, CrunchFund, Dawn Capital and the DeWilde Family Trust.
Anthemos Georgiades, chief executive of Zumper, said: “When we started the company, we were only ever interested in building an end to end solution, taking renters from search to close.
“We spent our first few years laying a solid foundation and now, with 40 million renters using Zumper and PadMapper every year, we are going to deliver on our original vision.”