Overview

Apartment List is an online platform that connects renters with property managers to simplify the apartment rental process. It operates on a performance-based model, charging property managers a fee only when a renter successfully moves in, which reduces financial risk. The platform enhances visibility for listings through partnerships, such as with Facebook Marketplace, and offers various touring options like in-person and virtual tours. The goal is to create a user-friendly experience that benefits both renters and property managers.

Simplify's Take

What believers are saying

• Growing demand for virtual tours enhances Apartment List's user experience.
• AI-driven leasing assistants offer potential efficiency improvements for the platform.
• Data-driven insights from reports aid in understanding market trends and decisions.

What critics are saying

• Increased competition from Apartments.com may impact market share.
• Resident cash back rewards programs may pressure Apartment List to offer similar incentives.
• Investment in virtual tour technology poses financial risks if user engagement doesn't increase.

What makes Apartment List unique

• Apartment List offers a risk-free listing service for property managers.
• The platform integrates with property management systems for seamless rental processes.
• Partnership with Facebook Marketplace increases property visibility and renter engagement.

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Funding

Total Funding

$158.6M

Below

Industry Average

Funded Over

5 Rounds

$10,000,000

Series D

Jan 2021

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Below Average

Industry standards

Ind Avg. $77M

$10M

$49M

$50M

$70M

$80M

$100M

View all funding stages