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Bungalow Announces $75M Series C Financing

2021-08-24
SAN FRANCISCO, CA, Bungalow today announced it will raise $75 million in Series C funding.
Bungalow, one of the largest and fastest growing marketplaces for roommate living in the United States, today announced it will raise $75M in Series C funding, led by Deer Park Road, with participation from existing investors including, Atomic, Founders Fund, Coatue and Khosla Ventures, bringing the company's total funding to date to over $150M.

Bungalow is a residential real estate platform providing beautiful homes with great roommates, paired with a seamless digital-first experience for early career professionals. The company takes care of everything from matching great 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 thriving community through its network. Bungalow is able to offer rooms in the most desirable neighborhoods by working directly with homeowners who are looking for a guaranteed income stream but don't want to sell their homes. Founded in 2017 by Andrew Collins and Justin McCarty, the company currently has more than 3,000 housemates in hundreds of homes across 16 markets.
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