Rentable is a rental platform that operates one of the largest online apartment marketplaces in the U.S. and serves millions of renters—particularly Gen Z—each year. The company provides property managers with tools that digitize the leasing process, including market positioning and pricing, listing and ad management, and lead management. Rentable says it has helped tens of millions of renters find homes and works with property managers in all 50 states. Financially, the company achieved profitability in 2020 and reported revenue nearly doubled year‑over‑year, contributing to a meaningful increase in valuation versus its most recent financing. Rentable plans to continue scaling its products and services and will double its workforce over the next 12 months, focusing hiring on sales, engineering, product, and business development. The company also intends to expand its executive team with new VP hires in people, product, growth, finance, and customer success. ABODO is a hyper-local apartment search service that combines a mobile-first approach with a large, high-quality nationwide inventory of available apartments. It targets Millennial and young professional users with a modern, mobile-oriented rental search experience. The company reports 600% user growth over the past year and employs a team of 28. Founded in 2012 and headquartered in Madison, Wis., ABODO positions itself as a leading apartment listing technology provider. The company will use the new funding for continued national growth, expansion, and product innovation in the apartment listing space. Financially, ABODO has raised more than $8 million to date, including the new $4.8 million Series A. Abodo operates an online rental marketplace focused on building a massive presence in targeted local markets to ensure a locally tailored search experience for renters. The company recently launched the ABODO Apartment Search iPhone app, which is available for free on iTunes, and says an Android app is expected in the near future. Co-founded and led by Alec Slocum, Chad Aldous and Adam Olien, with Michael Taus newly appointed vice president of Marketing, the team is targeting market-focused growth. Abodo currently serves Madison, Milwaukee, Columbus, Minneapolis, Pittsburgh and Raleigh-Durham and plans to expand into 25 additional markets in the coming year. Financially, the company closed a $1.25M Series A financing to support that expansion.

Total raised

$29M

Funding rounds

3

Latest round

Series B

Latest activity

Aug 2021