Fundz

Padsplit Raises $20.5 Million Series B To Increase Housing Supply And

PRIVATENov 03, 2021

Amount Raised

$20.5 Million

Round Type

Series B

AtlantaInformation TechnologyReal Estate

Description

Country’s largest shared housing marketplace designed for the workforce will expand into additional markets and offer a new turnkey solution for real estate investors

Quick answer

PadSplit raised $20.5 Million in a Series B round, dated November 3, 2021. PadSplit is based in Atlanta, Georgia, United States.

How much did PadSplit raise?
PadSplit raised $20.5 Million in a Series B round on November 3, 2021.
What does PadSplit do?
PadSplit is the largest coliving marketplace in the U.S. Our services are specifically tailored for hardworking people like teachers, security guards, bus drivers, and retail employees who are looking to build their..
Where is PadSplit based and how big is it?
PadSplit is based in Atlanta, Georgia, United States. Fundz records about 142 employees.

Source: Fundz verified event record.

Who else raised in Real Estate around the same time

Companies in the same sectors as PadSplit that raised within 45 days of this round, from Fundz verified event records.

  • Cockroach Labs raised $278M (Series F) on December 16, 2021.
  • Haystacks.Ai raised $5M (Seed) on December 16, 2021.
  • HOF Resort & Entertainment raised an undisclosed amount (Funding Round) on December 16, 2021.
  • Greystone raised $30M (Funding Round) on December 16, 2021.
  • Kitt raised $7.8M (Funding Round) on December 15, 2021.
  • Greystone raised $29M (Funding Round) on December 14, 2021.

Who to call at PadSplit, and when

A new round usually means PadSplit is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day PadSplit raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at PadSplit, from your own LinkedIn network

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Company Information

Company

PadSplit

Location

1939 Hosea L Williams Dr NE

Atlanta, Georgia, United States

About

PadSplit is the largest coliving marketplace in the U.S. Our services are specifically tailored for hardworking people like teachers, security guards, bus drivers, and retail employees who are looking to build their futures. We are proud to help them find housing opportunities to transform their lives, and we will continue to bring respectable and affordable housing options to those in need. At PadSplit, we believe that the people who serve our communities deserve an opportunity to live in them. As a result, our mission is to help solve the affordable housing crisis, one room at a time, while leveraging housing as a vehicle for financial empowerment. We do this by building a marketplace that enables the quickest and most effective housing solutions for low-income workers.

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Fundz sees it the moment PadSplit raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

PadSplit raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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