Zumper Raises $1M From Kleiner, Andreessen, Greylock, NEA, Others

Zumper said it raised $1 million in seed funding earlier this year from investors including Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Greylock Partners, CrunchFund, New Enterprise Associates, Dawn Capital, the Experiment Fund and the DeWilde family trust. Zumper is using the money for expansion.

PRESS RELEASE

ZUMPER, THE NEW WAY TO FIND YOUR IDEAL APARTMENT,
RAISED A $1 MILLION SEED ROUND FROM TOP-TIER INVESTORS IN SPRING 2012

San Francisco, CA – Sept. 27, 2012 – Following the successful launch of its public beta on the TechCrunch Disrupt stage earlier this month, Zumper today announced that in Spring 2012 it raised $1 million in seed funding from an investor group that includes Kleiner Perkins; Andreessen Horowitz; Greylock; CrunchFund; NEA; Dawn Capital; The Experiment Fund; and the DeWilde family trust. Currently operating in New York and San Francisco with plans to broaden reach to three more cities during the next year, Zumper is using the funds to fuel expansion, build their engineering team and continue rapid product development.

“The apartment rental market represents an enormous opportunity; there are 100 million renters in the U.S. and yet the process of finding an apartment is still broken for most renters we speak with”, said Anthemos Georgiades, Zumper’s CEO. “Zumper offers renters real-time, curated listings because our platform is built on direct partnerships with leading landlords and brokers. We have also built a more intuitive way to search for and discover great listings. We’re excited to work alongside our incredible group of investors to improve the apartment rental process for all parties involved. We’re building for the long term and we’re very excited by the early traction we’re seeing”.

Zumper launched its public beta on stage at TechCrunch Disrupt on Sept. 11, and returned to the stage on Sept. 12 as a finalist in the Disrupt Battlefield competition. In only two weeks since that appearance, Zumper has hosted hundreds of rental inquiries between its tenants and landlords/brokers and has continued to add the inventory of major landlords, brokers and property managers to its platform.

About Zumper

Zumper is a new apartment rental platform that makes it easier for tenants to discover and lease great apartments. Based on direct data feeds and partnerships with leading landlords, brokers and property managers, Zumper not only offers renters real-time, curated listings, but also streamlines the lead generation process for landlords and brokers to help them get the right tenant through the door, more efficiently. Tools like hyper-local neighborhood search and tailored news feeds also offer tenants a more intuitive way to search.

Zumper’s founders come from the real estate, business, and engineering worlds. Anthemos Georgiades, CEO, comes from a real estate family, worked for the Boston Consulting Group, and received his MBA from Harvard Business School. Taylor Glass-Moore, COO, is a native San Francisco broker with seven years of experience in the field. Technical co-founders Russell Middleton and Leah Jones were both full-stack software engineers at Google before joining Zumper.

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