The Collection D funding spherical closed at a complete of $60 million with contributions from a number of celebrities, together with NBA participant Andre Iguodala and actress Priyanka Chopra Jonas.
On-line rental market Condo Listing lately closed its upsized Series D funding round with a complete of $60 million {dollars} raised.
Whereas the sequence was led by world asset supervisor Janus Henderson Investments, a number of celebrities, together with Priyanka Chopra Jonas, Lizzo, A-Rod Corp (based by Alex Rodriguez, who bought a East Village multifamily condominium constructing in 2019), Miami Warmth participant Andre Iguodala, Daryl Morey (president of basketball operations for the Philadelphia 76ers) and Anjula Acharia (investor and Chopra Jonas’ supervisor) additionally made contributions.
The corporate initially introduced the funding spherical on the finish of December, and at the moment had raised $50 million. As of now, the corporate’s valuation has greater than doubled since its Series C spherical to greater than $600 million. Its platform hosts over 30 million registered customers and greater than 5.5 million items.
Condo Listing plans to make use of the funds to speed up the corporate’s progress by “constructing curated insights for all renter segments and versatile pricing choices for properties,” a press launch states.
John Kobs | Picture credit score: Condo Listing
“We’re thrilled to shut our Collection D spherical with the assist of such revered, various and notable traders,” John Kobs, Condo Listing CEO and founder, stated in a press assertion. “Persevering with our mission to assist renters discover a residence they love and the worth they deserve, we’re wanting ahead to increasing our attain and offering renters with a private concierge of their pocket.”
Over the course of the pandemic, the rental market has seen loads of ups and downs as many individuals reevaluated their existence and the place they wish to stay. However Condo Listing stated the market’s progress potential is critical, with multiple third of the U.S. inhabitants dwelling in leases, and people renters being 4 occasions extra prone to transfer yearly than householders.
“Rentals is the final remaining labeled class not but gained by a modern-day startup,” Dana Stalder, a basic associate at early Condo Listing investor Matrix Companions, stated in an announcement. “And Condo Listing is nicely positioned to steer the cost — a powerful and quick rising disruptor that’s solely been accelerated within the pandemic.”
Priyanka Chopra Jonas was additionally an investor in Condo Listing’s Collection D funding spherical
Condo Listing cited its mixed tech and mission-driven strategy as a main think about attracting superstar traders in the course of the funding spherical.
“These components resonate deeply with artists, traders, and philanthropists alike — together with Priyanka Chopra Jonas and Lizzo, luminaries who’re enthusiastic about each reinventing the rental expertise and making a distinction by means of Condo Listing’s Dwelling Bridge program, which connects households in want with actual property corporations wanting to serve their communities,” a press launch states.
Condo Listing’s Dwelling Bridge program works to assist displaced households discover aid throughout occasions of disaster, and companions with a number of different charitable organizations like Ronald McDonald Home Charities.
