Bungalow is a San Francisco-based residential real estate marketplace focused on roommate living and whole-home rentals. The company handles roommate matching, furnishings for common areas, rent and utilities payments, and service requests to reduce rental friction. It also aims to build community among residents through its network. Founded in 2017 and led by CEO Andrew Collins and COO Justin McCarty, Bungalow currently has more than 3,000 housemates in hundreds of homes across 16 U.S. markets. The company plans to expand into five additional cities by the end of 2021 (Miami, Tampa, Atlanta, Houston and Phoenix) and will use the new proceeds to expand operations and business reach. Financially, the company has raised over $150M to date following this recent round. Bungalow operates a co‑living marketplace that renovates and redecorates existing housing stock, matches vetted roommates, and manages fully rented homes and apartments. The company targets early‑career professionals who need affordable housing in high‑cost metro areas. Since launching, Bungalow has expanded into multiple U.S. markets and now serves more than 3,200 residents across 730 homes in 10 markets. The company says it is on track to scale to more than 12,000 residents by the end of 2020 and plans to roll out new technology capabilities as it expands into three additional major metro areas in 2020. Bungalow launched in 2017 and has grown through venture funding to support its operational expansion. Its model combines property renovation, roommate matching, and full property management to address underused, outdated housing supply. Bungalow operates a co-living platform that leases homes from homeowners as the master tenant (typically three-year leases) and rents the properties on a room-by-room basis while guaranteeing occupancy to homeowners. The company furnishes common spaces and bundles utilities, Wi‑Fi and housekeeping into monthly rent, and runs member events to build community. Bungalow vets residents with credit and background checks and requires interviews with existing residents before move-in. The company says its rooms are roughly 30–40% cheaper than a studio and highlights faster move-in timelines (some same-day, average search 10–20 days). As of the article, Bungalow operated 200 properties across seven U.S. markets with about 750 residents. Over the next 6–12 months it plans to launch in up to 12 new U.S. markets and hopes to expand outside the U.S. the following year.

Total raised

$186M

Funding rounds

4

Latest round

Series C

Latest activity

Aug 2021