Apartment List
Financials
Estimates*
USD | 2019 | 2020 |
---|---|---|
Revenues | 23.4m | 25.1m |
% growth | - | 7 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$6.0m | Secondary | ||
$30.0m | Series B | ||
* | $50.0m | Series C | |
$50.0m Valuation: $600m | Series D | ||
$10.0m Valuation: $600m | Series D | ||
Total Funding | €148m |
Related Content
Recent News about Apartment List
EditApartment List is a dynamic online platform that simplifies the process of finding and renting apartments. The company operates in the real estate market, specifically focusing on rental properties. It serves both renters looking for a new home and property managers or landlords seeking tenants. The platform is designed to streamline the rental process by integrating with property management systems, which helps in accurately identifying when a renter moves in.
Apartment List offers a risk-free listing service for property managers. They only charge a fee once a renter successfully moves into a property, making it a performance-based model. This approach minimizes financial risk for property managers and ensures that they only pay for successful outcomes. The company also partners with Facebook Marketplace to increase the visibility of listed properties, thereby attracting more potential renters.
The business model of Apartment List is based on a commission structure. They generate revenue by charging property managers a fee for each successful rental transaction facilitated through their platform. This fee is only invoiced once a renter moves in, ensuring that property managers get value for their money.
Apartment List operates across various states in the U.S., including New York, New Jersey, North Carolina, and more. The platform caters to a wide range of rental needs, offering options from studio apartments to multi-bedroom units. They also provide various touring options such as in-person, self-guided, and virtual tours to accommodate different preferences and schedules.
In summary, Apartment List is revolutionizing the rental market by offering a user-friendly, risk-free platform that benefits both renters and property managers. Their integration with property management systems and partnership with Facebook Marketplace enhances the efficiency and reach of their services.
Keywords: rental platform, property managers, renters, real estate, commission-based, seamless integration, Facebook Marketplace, risk-free, virtual tours, U.S. market.