Bungalow Announces New Funding to Further Improve the Rental Experience

It’s official — we’ve launched! Well, formally that is! With a new round of funding closing last week, Bungalow is ready to expand into even more cities around the country, and world. We are thrilled to announce that we have secured $64M in funding: a $14M Series A led by Khosla Ventures, Atomic, Founders Fund, Cherubic Ventures, and Wing Ventures, alongside a $50M debt facility. We also are fortunate enough to have added veteran Silicon Valley investor and Opendoor founder, Keith Rabois, to the Bungalow Board of Directors.
Many of us have been there before — you’ve just moved to a new city where you don’t know anyone, and now you have to find a place to live. Urban centers are growing rapidly, making it that much more difficult to find a place to call “home.” The options are limited to an overpriced studio or a room share an hour away from work. We saw (and after a few stints with bedbugs and crazy roommates — and felt) this struggle, which led us to Bungalow.
Bungalow finds gorgeous homes in prime urban locations, all while creating tight-knit communities of roommates. Our homes are not only in top-tier neighborhoods, but are also equipped with lightning-fast Wifi and beautifully furnished dining and living rooms. Forget living with strangers — our residents and applicants have a chance to get to know each other through house “meet and greets” before taking the plunge and becoming roommates. We also organize awesome events at highly-rated attractions so that our tenants have an open gate to experiencing the city they’ve moved to.
The future is looking bright for easing the stress that comes with moving to a new city. Our recent round of funding builds upon a fast-paced year, where Bungalow has expanded into 7 markets across the U.S. While we are incredibly excited to officially launch, for us, the best part about announcing plans for financial growth is knowing that there are that many more opportunities to make finding “home” attainable.
