An Overview Of Zumper As A Leading Housing Marketplace

7 Jun 2023 · 2 min

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In this presentation, the speaker provides a concise overview of Zumper, an online residential rental marketplace serving roughly 60 million users annually across the United States and Canada. Historically focused on long‑term (12‑month) rentals, Zumper added short‑term, month‑to‑month listings in the second half of the previous year, positioning itself between traditional long‑term platforms and nightly‑stay services like Airbnb. The company is a ten‑year‑old, Series D venture‑backed business that has raised about $180 million. Its mission is to make renting as easy as booking a hotel, and it sees its next phase as enabling fully transactional, two‑tap rentals. Zumper competes directly with Zillow and Apartments.com for landlord and property‑management client acquisition, while aiming to evolve the rental experience toward seamless, digital transactions.

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giving us kind of like an overview of where Zumper is at today? Yeah, Zumper. So Zumper is an online residential rental marketplace. We're used by about 60 million people every year in the US and Canada to find, until very recently, just long-term apartments and houses for rent, classic 12-month leases. And then as of H2 last year, we've also brought short-term rentals onto Zumper. We're not really kind of trying to compete with Airbnb or VRBO at a nightly stay. They are the dominant marketplaces there. But we do see this interesting opportunity and overlap in the more like month-to-month space of a lot of our renters who want kind of to try a couple of neighborhoods before they pick their long-term option. So, um, Zomzo is an online rental marketplace. We are 10 years old. We're a Series D company. Um, and as I mentioned earlier, we've kind of raised venture capital to get there. We've raised $180 million to get as far as we have. And it also at the same time feels like we've barely begun. The mission of the company is to make renting a home as easy as booking a hotel. I'd say we have done a great job at stage 1, which is build a very relevant life rental marketplace. We compete with, you know, Zillow and Apartments.com in the public markets as a kind of a must-buy now for many of our kind of landlords and PMC clients. But as encapsulated in our kind of company mission, we want to be transactional. And we built a lot of tools that bring both renters and landlords into transactions, but we also absolutely still believe that most rentals will be 2 tap clicks to close in the future. And I think we've barely scratched the surface on delivering the endgame.