Apartment List
{{Short description|American online marketplace for apartment listings}}
{{Infobox company
| name = Apartment List
| type = Privately held company
| logo = Apartment List Logo 2020.png
| industry = Technology / real estate
| founded = 2011 in San Francisco, California
| founders = John Kobs
Chris Erickson
| hq_location_city = 475 Brannan Street
San Francisco, California
| area_served = United States
| key_people = John Kobs (Chairman)
Matthew Woods (CEO)
Matt Service (COO)
| num_employees = 250{{Citation needed|date=May 2022}}
| website = {{URL|www.apartmentlist.com}}
}}
Apartment List is an American online marketplace for apartment listings.{{Cite web|url=https://www.entrepreneur.com/article/299072|title=Why This 'Ruthlessly Prioritizing' Entrepreneur Says You Should Write Down One Goal Each Day|first=Rose|last=Leadem|date=August 22, 2017|website=Entrepreneur}} In January 2018, Apartment List had over 4 million units on its platform.{{Cite web|url=https://venturebeat.com/2018/01/18/property-rental-marketplace-apartment-list-raises-50-million/|title=Home rental marketplace Apartment List raises $50 million|website=Venturebeat|date=January 18, 2018}}
History
The co-founders, John Kobs and Chris Erickson, launched Apartment List in September 2011 at TechCrunch Disrupt.{{Citation|chapter=Overview of Ext GWT and GWT|date=2009|pages=1–7|publisher=Apress|isbn=9781430219408|doi=10.1007/978-1-4302-1941-5_1|title=Developing with Ext GWT}}{{Cite web|url=https://techcrunch.com/2011/09/12/apartmentlist-launches-recommendation-engine-to-match-you-with-the-right-apartment/|title=ApartmentList Launches Recommendation Engine To Match You With The Right Apartment}}
- {{cite press release |title=Apartment List Secures $50 Million Series C Funding To Take Over U.S. Rental Market |url=https://www.businesswire.com/news/home/20180118005377/en/Apartment-List-Secures-50-Million-Series-Funding |website=BusinessWire |date=18 January 2018 |accessdate=30 March 2020}} They created the company after having negative experiences as both renters and landlords.{{Cite web|url=https://mixergy.com/interviews/john-kobs-apartmentlist-interview/|title=ApartmentList: $10M In Revenue After Only Four Years?|website=Mixergy}}
In November 2013, the company's first round of funding raised $23 million, with the lead investor being Matrix Partners.{{Cite web |url=https://techcrunch.com/2016/11/03/apartment-list-raises-30-Million-to-find-you-a-home/|title=Apartment List raises $30 million to find you a home |author=Katie Roof|date=November 3, 2016|website=Tech Crunch}} Another round of funding raised $50 million with Passport Capital in November 2017.{{Cite web|url=https://therealdeal.com/2018/01/18/apartment-list-raises-50m-in-series-c-round/|title=Apartment List raises $50M in Series C round|author=Eddie Small|date=January 18, 2018|website=The Real Deal New York}}
In late 2017, Apartment List partnered with Facebook Marketplace,{{Cite web|url=https://techcrunch.com/2017/11/09/facebook-expands-its-marketplace-section-with-housing-rentals/|title=Facebook expands its Marketplace section with housing rentals|author=Sarah Perez|date=November 9, 2017|website=Tech Crunch}} Homes.com,{{Cite web|url=https://www.inman.com/2017/09/26/homes-com-now-features-rentals-from-apartment-list/|title=Homes.com now features rentals from Apartment List|author=Teke Wiggin|date=September 26, 2017|website=Inman}} and Realtor.com.{{Cite web|url=https://cheddar.com/media/apartment-list-teams-up-with-realtor-com|title=Apartment List Teams Up with Realtor.com|website=Cheddar News|date=December 6, 2017}} In September 2021, Facebook Marketplace "discontinued the distribution of vehicle, home rentals and homes for sale listings from partner catalogue feeds."{{cite web |title=Vehicle and home listings from partner catalogues discontinued on Facebook Marketplace |url=https://www.facebook.com/business/help/442276120199473 |website=Facebook |access-date=27 October 2021}}
In December 2020, the company announced it had raised $50 million in Series D funding. It then raised an extra $10 million from notable investors including Lizzo, Priyanka Chopra Jonas, Andre Iguodala, Alex Rodriguez and Daryl Morey. Iguodala listed Apartment List's Home Bridge program as one of the reasons for his support.{{cite web |last1=Hahm |first1=Melody |title=NBA star Andre Iguodala on Apartment List investment: 'It's a rare thing you see' with startups |url=https://finance.yahoo.com/news/nba-star-andre-iguodala-investing-silicon-valley-apartment-list-series-d-230337466.html |website=Yahoo Finance |date=27 January 2021 |access-date=27 October 2021}}
In September 2020, the company donated 3 apartments to Ronald McDonald House.{{cite web |last1=Anthony |first1=Laura |title=Bay Area companies donate housing to Ronald McDonald House Charities amid pandemic |url=https://abc7news.com/ronald-mcdonald-house-charities-bay-area-rmhc-patient-housing-childrens-hospital/8959826/ |website=ABC7 |date=22 December 2020 |access-date=27 October 2021}}
Business model
Large, professionally-managed properties are charged a variable fee to use its service.{{Cite web|url=https://xconomy.com/san-francisco/2014/04/29/apartment-list-takes-the-pain-out-of-finding-a-new-place/|title=Xconomy: Apartment List Takes the Pain out of Finding a New Place|author=Elise Craig|date=April 29, 2014|website=Xconomy}} Landlords and building managers are connected to potential renters and pay a fee when a renter has moved into their property.{{Cite web|url=https://vator.tv/news/2016-11-04-former-splash-winner-apartment-list-raises-30m|title=Former Splash winner Apartment List raises $30M|author=Steven Loeb|date=November 4, 2016|website=VatorNews}}
References
{{Reflist|30em}}
Category:Hospitality companies established in 2011
Category:Real estate companies established in 2011
Category:Hospitality companies of the United States
Category:Online marketplaces of the United States
Category:Companies based in San Francisco