Apartment_List

Apartment List

Apartment List

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Apartment List is an American online marketplace for apartment listings.[1] In January 2018, Apartment List had over 4 million units on its platform.[2]

Quick Facts Company type, Industry ...

History

The co-founders, John Kobs and Chris Erickson, launched Apartment List in September 2011 at TechCrunch Disrupt.[3][4] They created the company after having negative experiences as both renters and landlords.[5]

In November 2013, the company's first round of funding raised $23 million, with the lead investor being Matrix Partners.[6] Another round of funding raised $50 million with Passport Capital in November 2017.[7]

In late 2017, Apartment List partnered with Facebook Marketplace,[8] Homes.com,[9] and Realtor.com.[10] In September 2021, Facebook Marketplace "discontinued the distribution of vehicle, home rentals and homes for sale listings from partner catalogue feeds."[11]

In December 2020, the company announced it had raised $50 million in Series D funding. It then raised an extra $10 million from notable investors including Lizzo, Priyanka Chopra Jonas, Andre Iguodala, Alex Rodriguez and Daryl Morey. Iguodala listed Apartment List's Home Bridge program as one of the reasons for his support.[12]

In September 2020, the company donated 3 apartments to Ronald McDonald House.[13]

Business model

Large, professionally-managed properties are charged a variable fee to use its service.[14] Landlords and building managers are connected to potential renters and pay a fee when a renter has moved into their property.[3][15]

References

  1. [1]
    Leadem, Rose (August 22, 2017). "Why This 'Ruthlessly Prioritizing' Entrepreneur Says You Should Write Down One Goal Each Day". Entrepreneur.
  2. [2]
    "Home rental marketplace Apartment List raises $50 million". Venturebeat. January 18, 2018.
  3. [3]
    "Overview of Ext GWT and GWT", Developing with Ext GWT, Apress, 2009, pp. 1–7, doi:10.1007/978-1-4302-1941-5_1, ISBN 9781430219408
  4. [4]
    "ApartmentList Launches Recommendation Engine To Match You With The Right Apartment".
    - "Apartment List Secures $50 Million Series C Funding To Take Over U.S. Rental Market". BusinessWire. Retrieved 30 March 2020.
  5. [5]
    "ApartmentList: $10M In Revenue After Only Four Years?". Mixergy.
  6. [6]
    Katie Roof (November 3, 2016). "Apartment List raises $30 million to find you a home". Tech Crunch.
  7. [7]
    Eddie Small (January 18, 2018). "Apartment List raises $50M in Series C round". The Real Deal New York.
  8. [8]
    Sarah Perez (November 9, 2017). "Facebook expands its Marketplace section with housing rentals". Tech Crunch.
  9. [9]
    Teke Wiggin (September 26, 2017). "Homes.com now features rentals from Apartment List". Inman.
  10. [10]
    "Apartment List Teams Up with Realtor.com". Cheddar News. December 6, 2017.
  11. [11]
    "Vehicle and home listings from partner catalogues discontinued on Facebook Marketplace". Facebook. Retrieved 27 October 2021.
  12. [12]
    Hahm, Melody. "NBA star Andre Iguodala on Apartment List investment: 'It's a rare thing you see' with startups". Yahoo Finance. Retrieved 27 October 2021.
  13. [13]
    Anthony, Laura. "Bay Area companies donate housing to Ronald McDonald House Charities amid pandemic". ABC7. Retrieved 27 October 2021.
  14. [14]
    Elise Craig (April 29, 2014). "Xconomy: Apartment List Takes the Pain out of Finding a New Place". Xconomy.
  15. [15]
    Steven Loeb (November 4, 2016). "Former Splash winner Apartment List raises $30M". VatorNews.
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