Zumper, a San Francisco, CA-based residential rental startup, raised $46m in Series C funding.
The round was led by Axel Springer and Stereo Capital, with participation from new backer Blackstone and existing investors Dawn Capital, Kleiner Perkins, Breyer Capital, Scott Cook, Goodwater Capital and xfund.
The company, which has raised $90m in total funding to date, intends to use the funds to build out its end-to-end platform, and expand its team, bringing on 50 new staff into its San Francisco HQ in the coming months.
Led by Anthemos Georgiades, CEO and co-founder, Zumper provides a free online and mobile rental search site with more than 8 million visits per month.
Leveraging proprietary data, the platform and algorithm uses machine learning to predict prices for rental properties, provides recommendations on how to price properties and is able to recommend rentals based on search history.
To support its audience, the company has also launched a new website and iOS and Android apps, offering search, more advanced filters and an improved UX.
Zumper, which has more than 120 staff, acquired PadMapper in 2016.