Zumper

Zumper

Online rental platform for tenants and landlords

About Zumper

Simplify's Rating
Why Zumper is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Real Estate

Company Size

51-200

Company Stage

Series D

Total Funding

$172M

Headquarters

San Francisco, California

Founded

2012

Overview

Zumper operates an online platform focused on the rental real estate market, catering to both renters and landlords. Renters can search for houses, rooms, condos, or apartments in major North American cities, using filters for location, price, and amenities. The platform provides real-time updates on available properties and allows users to submit digital rental applications and credit reports through a partnership with TransUnion, streamlining the application process. For landlords and agents, Zumper offers free tools for managing rentals and advertising, helping them reach a larger audience and fill vacancies more quickly. Unlike many competitors, Zumper's model emphasizes ease of use for both renters and landlords, with a focus on digital solutions. The company's goal is to simplify the rental experience for all parties involved.

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Simplify's Take

What believers are saying

  • Partnership with Airbnb expands Zumper's apartment listings and user base.
  • Falling rents and increased options attract more renters to Zumper's platform.
  • Rising building permits suggest potential growth in Zumper's rental property listings.

What critics are saying

  • Convergence of hospitality and property tech increases competition in the rental market.
  • Airbnb's expansion into apartment listings may draw renters from Zumper.
  • Economic uncertainty from potential stagflation could affect renter demand and advertising revenue.

What makes Zumper unique

  • Zumper offers real-time rental updates, enhancing user experience and decision-making.
  • Digital applications and credit reports streamline the rental process for renters and landlords.
  • Free leasing tools for landlords optimize property management and advertising success.

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Funding

Total Funding

$172M

Meets

Industry Average

Funded Over

5 Rounds

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

$77M
$30M
Zumper
$50M
Hello Fresh
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Remote Work Options

Parental Leave

Stock Options

401(k) Retirement Plan

401(k) Company Match

Phone/Internet Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

-3%
PhocusWire
Oct 8th, 2024
Flexible Living Drives Hospitality And Residential Technology Convergence

Flexible travel trends and the ongoing diversification of property uses are driving a convergence of hospitality and property management technologies. It represents the latest chapter in the blend between hotel and short-term rental technology services, but also represents a “battleground,” according to one investor, as property managers take a leaf out of the travel industry’s book to identify new revenue streams. On one side, the growing number of mixed-use properties creates gaps for a new breed of tech-enabled hospitality companies, in particular non-hotel brands, to enter new markets. They’re able to expand almost effortlessly into multifamily buildings, apartment blocks or even converted offices. On the other side, property owners eye lucrative synergies with the travel industry and opportunities to maximize value from tenants and residents. In the current commercial market, landlords are under pressure to deliver. “The value of real estate is the value of its cash flows, and those cash flows are driven by the utilization of the asset and the quality of experiences within the market,” said Jason Fudin, CEO and co-founder of flexible real estate platform Placemakr. “When you have a building that meets either multiple needs for a single customer, if a customer wants to co-work and stay, or live, or whatever else, that drives more revenue for you as the owner.”

Inman
Sep 24th, 2024
Airbnb partners with Zumper in quest for more apartment listings

As of this month, 18 of the nation's largest 50 apartment owners have partnered with Airbnb, Zumper said.

PR Newswire
Feb 21st, 2024
Unlock Financial Freedom At Financial Freedom Fest In Phoenix, Arizona On March 9Th, 2024

PHOENIX, Feb. 21, 2024 /PRNewswire/ -- Financial Freedom Fest, a premier event hosted by Fundamental and moderated by Zach Haptonstall, CEO, and Co-Founder of Rise48 Equity is set to take place at the Hilton Scottsdale Resort and Villas on March 9th, 2024.This action-packed half day event is designed to provide attendees with valuable insights into passive investing, capital raising, real estate, marketing, and more.Financial Freedom Fest promotes an engaging lineup of featured speakers, informative panels, networking opportunities, and an upgraded VIP lunch experience, all geared towards empowering individuals to achieve their financial goals. Whether you're a seasoned investor or capital raiser, or just starting out, this event offers something for everyone.Zach Haptonstall is a featured speaker and moderator for the event. Zach is the CEO and Co-Founder of Rise48 Equity. With a track record of over $2 billion in multifamily transactions since 2019, Zach is a leading figure in the industry. His expertise in acquisitions, capital raising, and strategic partnerships will give attendees insight into how he built his company and what he has learned along the way.Joining the roster of distinguished speakers is Jason Mitchell, the founder of Jason Mitchell Group & Sunbelt Multifamily

Real Estate Investing Today
Feb 7th, 2024
Zumper's National Rent Report for January '24

Rental information site Zumper recently released their latest monthly National Rent Report for January, 2024.

Forbes
Nov 6th, 2023
Charts And Graphs: Coming Stagflation Means Building More Housing Now

Now is the time to build more housing to avoid price shocks when economic confidence returns and . [+] interest rates fall (Photo by Justin Sullivan/Getty Images). Getty ImagesRecently I discovered the Trading Economics website, an aggregator of economic data that provides data and statistics for “196 countries including historical data and forecasts for more than 20 million economic indicators, exchange rates, stock market indexes, government bond yields and commodity prices.” All the economic information comes from “official sources” like the United States Census or the Treasury Department in the case of the United States. I took a look at some of the recent data which seems to be telegraphing, maybe, some concerning trends in the housing market and wider economy. For people at 50 % of median income who are already struggling with housing costs, what does all this data mean? All data, quotes, and charts are from Trading Economics.Here’s the first chart from the United States Census Bureau showing a 6.8% increase in the issuance of building permits, “the largest increase since February and little-changed from the preliminary estimate of a 6.9% advance, revised data showed” (emphasis mine).Building permits went up. Screen shot of U.S

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