Apartment List was founded in 2009 by Chris Erickson, Chris Herndon, and John Kobs. Following a 2020 fundraising round, Kobs told Bloomberg that a public listing was a distinct possibility, adding that "being public has always been a goal of mine."
Apartment List is an apartment rental discovery platform. The company uses a brief questionnaire to match users with listings that fit their preferences and financial profile. Apartment List only collects a fee for listings that result in a transaction. Between 2013 and 2022, the company acquired Rent Advisor, Maguire & Fish, and Diffe.rent. Apartment List has raised more than $165 million in venture capital funding from investors including Tenaya Capital, Quantum Partners, Janus Henderson Investors, Canaan Partners, and Allen & Company. Apartment List was valued at $600 million following a $50 million fundraise in 2020.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/27/2021 | Series D | $60MM | $xx.xx | $60.43B | Allen & Company, Canaan Partners, Janus Henderson Investors, Quantum Partners, Tenaya Capital | |
Price per Share
$xx.xx
Shares Outstanding
16,424,856
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allen & Company, Canaan Partners, Janus Henderson Investors, Quantum Partners, Tenaya Capital
|
||||||
01/18/2018 | Series C | $50MM | $xx.xx | $30.11B | Allen & Company, Canaan Partners, Industry Ventures, Matrix Partners, Passport Capital, Quantum Partners | |
Price per Share
$xx.xx
Shares Outstanding
23,225,566
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allen & Company, Canaan Partners, Industry Ventures, Matrix Partners, Passport Capital, Quantum Partners
|
||||||
11/03/2016 | Series B | $30MM | $xx.xx | $13.62B | Canaan Partners, Glynn Capital, Matrix Partners | |
Price per Share
$xx.xx
Shares Outstanding
24,467,824
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Canaan Partners, Glynn Capital, Matrix Partners
|
||||||
12/19/2013 | Series A-2 | $6MM | $xx.xx | $8.78B | Glynn Capital Management, Passport Capital | |
Price per Share
$xx.xx
Shares Outstanding
5,769,209
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Glynn Capital Management, Passport Capital
|
||||||
11/20/2013 | Series A-1 | $23.35MM | $xx.xx | $7.73B | John Burbank, Matrix Partners, Nimble Ventures, Yan-David Erlich | |
Price per Share
$xx.xx
Shares Outstanding
27,509,418
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
John Burbank, Matrix Partners, Nimble Ventures, Yan-David Erlich
|
||||||
12/01/2010 | Series Seed-3 | $1.31MM | $xx.xx | $3.03B | Denis Grosz, Scott Ingraham | |
Price per Share
$xx.xx
Shares Outstanding
1,540,868
Liquidation Pref Order
1
Liquidation Pref As Multiplier
4.4x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Denis Grosz, Scott Ingraham
|
||||||
10/01/2009 | Series Seed-1 | $383,052.00 | $xx.xx | $814.54MM | Ariel Poler, Bradford Stroh | |
Price per Share
$xx.xx
Shares Outstanding
5,334,987
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ariel Poler, Bradford Stroh
|
||||||
10/01/2009 | Series Seed-2 | $450,050.00 | $xx.xx | $814.54MM | Ariel Poler, Bradford Stroh | |
Price per Share
$xx.xx
Shares Outstanding
2,036,424
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ariel Poler, Bradford Stroh
|