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Venture Capital News: Zumper Receives Additional $30M Series D

2022-08-25
SAN FRANCISCO, CA, Zumper today announced a Series D funding extension of $30 million.
Today, Zumper, North America's largest privately owned rental marketplace, launches their short-term rental product. Raising $178M to date, the latest Series D funding extension of $30M was earmarked for expansion into short-term rentals at a time when consumers demand, if not require, flexibility in housing choices. Work from anywhere has prompted a cultural shift in day-to-day life and is just one example of how the pandemic accelerated macro trends in alternative accommodation. Zumper found that …' of users were interested in flexible rentals* and data from Zumper's 2021 survey* of short-term rental users dictates that beyond the trendy use cases for short-term rentals, whether digital nomads or consumers with the unfettered means to travel and live a flexible lifestyle, short-term rentals are a means for a myriad of situational stays, such as a gap in housing, migratory work and even a stepping stone to building rental history, credit and more. The survey also revealed that 74 percent of users are booking 1-2 monthly rentals annually and 49 percent remain in one unit between two and six months. Short-term rentals are therefore not just an option for how people vacation, but how they live.

Zumper is the largest privately owned rental platform in North America with more than 178 million site visits a year. Zumper is on a mission to make renting an apartment as easy as booking a hotel.
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