Zumper, a US-based online rental property marketplace backed by corporates Axel Springer and Marcus & Millichap, received $60m yesterday in a series D round led by venture capital firm eVentures.
Founded in 2012, Zumper operates an online platform where users can list and rent properties throughout the US and Canada. It also offers residential data analytics based on more than a million listings advertised on its platform each month.
The capital has been earmarked for an expansion of Zumper’s sales and engineering teams and the scaling of company’s end-to-end rental processing tools. TechCrunch estimates its valuation at between $400m and $600m based on information from undisclosed sources.
The company said it has now raised more than $150m in equity financing to date, including $46m from a September 2018 series C round featuring media group Axel Springer.
Stereo Capital, Blackstone, Dawn Capital, Foxhaven Asset Management, Kleiner Perkins Caufield & Byers (KPCB), Breyer Capital, Goodwater Capital, Xfund and Scott Cook also participated in the round.
Breyer Capital and Foxhaven Asset Management co-led Zumper’s $17.6m series B round in 2016, which included real estate services provider Marcus & Millichap, KPCB, Goodwater Capital, Xfund and Cook.
Andreessen Horowitz, Greylock, New Enterprise Associates, Tuesday Capital, Dawn Capital and DeWilde Family Trust are among the company’s earlier investors.
