Silicon Valley venture firm Menlo Ventures, which has invested in the likes of Uber, Tumblr and Dropcam, led the funding round and says it was impressed with the way the app reinvented the apartment rental experience.
HomeMe launched in L.A. earlier this year and currently operates in Texas. Designed to streamline the daunting rental application process, its pre-approval system aims to make renting an apartment refreshingly easy for both renters and managers.
Its Chief Executive Mark Douglas is adamant the new financing will help it expand into different markets.
“We’re going throughout Texas, Dallas, Austin, and San Antonio and then going up through the Central U.S,” Douglas said.