RadPad, a Los Angeles, CA-based mobile apartment rental marketplace, raised $9m in Series A venture capital funding.
The round, which brought total funding to $13m, was led by Altpoint Ventures with participation from Goldcrest Investments.
Launched in January 2013 by CEO Jonathan Eppers, Tyler Galpin and Tim Watson, RadPad is a mobile rental marketplace. Available on iTunes, Google Play and Website, it features over 600,000 apartments and homes in Los Angeles, Chicago, Washington DC, San Francisco, San Diego, Seattle, Houston and Miami. This month, RadPad hit one million downloads of its mobile applications. In October 2014, the company launched Pay with RadPad to enable renters to pay their rent using a credit or debit card to any landlord. Since then, more than $8 million in rent payments have been paid from renters in 46 states. In less than 90-seconds, renters can pay their rent with a Visa, MasterCard, Discover, American Express or Apple Pay directly from RadPad’s mobile apps.