Zumper Acquires PadMapper

zumperZumper, a San Francisco, CA-based home and apartment rental platform, acquired PadMapper, an online rental space platform.

The amount of the deal was not disclosed.

Launched in 2009, PadMapper is a map-based search platform offering US and Canada hundreds of thousands of listings to renters and a suite of tools for rental professionals.

Following the acquisition, PadMapper Founder and CEO, Eric DeMenthon, and CTO, Rob Crowell, will join Zumper’s team. Zumper will continue to run PadMapper as a fully owned subsidiary. The combined platform will provide renters with a source for inventory in major US markets including New York City, San Francisco, Chicago, Los Angeles, Washington DC, and Boston.
Led by Anthemos Georgiades, CEO, Zumper reached 4 million visitors this January, and expects to reach 67 million visitors in 2016 across both web and mobile.
The company, which currently has a team of 29, has raised $20.2m in venture capital funding from investors including Goodwater Capital, Kleiner Perkins Caufield & Byers, xfund, Andreessen Horowitz, Greylock, NEA, CrunchFund, Dawn Capital, Marcus & Millichap and the DeWilde Family Trust.

FinSMEs

26/02/2016

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