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New backer also participated in the financing, which brings San Francisco-based Zumper’s total funding since its 2012 inception to more than $150 million. and led the company’s $46 million in September 2018 (at which time the company had a pre-money valuation of $200 million, according to Crunchbase). The company has a long list of high-profile investors including , and .

, CEO and co-founder of Zumper, declined to disclose the company’s current valuation, saying only it is “a significant step up from our 2018 valuation.”

Zumper’s self-described mission is to make renting an apartment “as easy as booking a hotel.” The startup claims to be the largest privately held rental marketplace (in terms of users) in the United States. Last year, 67 million people used Zumper to find, list, or rent properties in the U.S. and Canada. Georgiades expects that number to climb to 80 million this year, saying he company helps advertise more than 1 million listings a month.

‘Airbnb for one-year leasing’

The residential real estate market space is a crowded one for sure, and Zumper competes with the likes of publicly traded .

For Georgiades, Zumper differentiates itself in that it helps people in all steps of the process, making it a true “end-to-end” marketplace.

For example, Zumper offers renters the ability to find, apply for and then book an apartment. They can also digitally pay their rent to their landlord. It also helps small landlords and multifamily properties with things like finding tenants, marketing and collecting rent.

The company makes money in two ways: Landlords pay to be at the top of its feed for more exposure, in a classic lead-generation model; and also pay Zumper to close leases. For example, if a landlord uses its tools to conduct a transaction, it pays Zumper a fee per transaction.

Georgiades declined to disclose revenue figures but said the company saw its “pretty sizeable” revenue rise by 100 percent year over year last year.

“We’re not going from a small number to a small number,” he told Crunchbase News.

Meanwhile, the company doubled its headcount to 200 compared to about 100 a year ago. Zumper’s employees are spread across offices in San Francisco, Scottsdale, New York, Chicago and Providence, Rhode Island.

Looking ahead, the company will use the new capital to grow its sales and engineering teams and invest in scaling its transactional tools. Currently, 90 percent of its audience finds Zumper organically, according to the company.

“Ultimately, we want to be the Airbnb for one-year leasing,” Georgiades said.

For , co-founder and managing partner of e.ventures, Zumper’s progress so far has been “striking.”

Yesterday, we wrote about a similar offering in the United Kingdom. London-based it had raised about $13 million. Goodlord’s SaaS (software as a service) platform aims to make the rental process smoother and more efficient for landlords, leasing agents and renters alike. It handles a wide range of services from contracts to references to payments.

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and also participated in the round along with existing investor . The financing nearly doubles the amount of funding previously raised by New York-based Reonomy for a lifetime total of $128 million, according to the seven-year-old company. It last raised $30 million in June 2018 Series C led by Sapphire Ventures.

Reonomy’s self-proclaimed mission is “to become the primary source of data and analytics for commercial real estate.” It uses machine learning and artificial intelligence to give its users access to “in-depth property details and analysis across the US,” per its website.

Today, over 100,000 users have access to the platform’s information, which according to the company consists of more than 50 million properties, 80 million companies, 300 million people, 38 million mortgages, and 68 million property sales.

Reonomy co-founder and CEO told me he was initially laser-focused on crunching and validating “lots of public and private (CRE) data so that everyone from the broker, lender and developer could use it to do their jobs more effectively.”

The platform can do things like help developers find three contiguous lots zoned in a certain way, for example, or determine what rights they have to build luxury condos in specific area. It can also help brokers find deals for their clients as well as motivated sellers and buyers, Sarkis said.

Regionally, Reonomy’s focus was at first on the New York market but has since expanded to cover all the major metros of the United States, which was not an easy task until the company turned to using machine learning and AI, according to Sarkis.

The data, he said, was unstructured and siloed. The goal was to create a category of “property intelligence” so that all the players that deal with and interact with properties (from retailers, occupiers, insurance companies and brokers) could access a platform that connected all that data together.

“We were able to build a system of resolving any record in a public and private dataset,” he said. “That was three years ago, and a groundbreaking moment for us.”

Since then, Reonomy has seen its growth accelerate to the tune of “more than doubling revenue” year-over-year, according to Sarkis. It’s also quadrupled its headcount to over 100 compared to about 25 two years ago.

With its new funding, Sarkis said the company is eager to expand its scope even further, and “scale” its products to Canada, the United Kingdom and other global markets. It also plans to expand its machine learning capabilities and applications.

In a former life, I used to cover commercial real estate. It’s a massive industry with lots of moving parts, and there’s more and more venture money being pumped into it. For example, in September, I wrote about , a commercial real estate (CRE) transaction platform aiming to be the “ of commercial real estate,” among other things, raising $10 million in a seed round led by .

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