Bungalow Raises $75M in Series C Funding


Bungalow, a San Francisco, CA-based residential real estate marketplace in the United States, raised $75M in Series C funding.

The round, which brought total funding raised to date to over $150M, was led by Deer Park Road, with participation from existing investors including, Atomic, Founders Fund, Coatue and Khosla Ventures.

The company intends to use the funds to continue to expand operations and its business reach.

Founded in 2017 and led by Andrew Collins, CEO, and Justin McCarty, COO, Bungalow is a residential real estate marketplace for rommate living and whole homes. The company takes care of everything from matching roommates and furnishing a home’s common areas to streamlining rent and utilities payments and handling service requests, removing friction from the rental experience. In addition, Bungalow helps its residents create a community through its network. The company currently has more than 3,000 housemates in hundreds of homes across 16 markets across the U.S. with plans to expand into 5 additional cities by the end of 2021 including Miami, Tampa, Atlanta, Houston and Phoenix.