Affordable Housing Provider Raises $10 Million in Series A

August 22, 2020
Share this Post: 

Affordable housing will always be a sector needing constant innovation and insight. PadSplit knows this and is working towards ending the affordable housing crisis in the US. The platform offers a marketplace of available shared housing opportunities for low-income house hunters. 

The Atlanta-based site has just ended a Series A funding round where it secured $10 million, bringing the total number of funding raised to $14.6 million.

Arjan Schütte, Founder and Managing Partner of Core Innovation Capital, which led the round, said:

“We’re proud to support Atticus and the PadSplit team as they expand into new markets and introduce critical housing supply at a time when so many require affordable housing.”

PadSplit offers affordable, dorm-like spaces with furnished, private bedrooms and shared public living areas, like dens and kitchens. 

The company plans to use the capital to secure its placement in new markets, further support its presence in Houston, and spread to more markets in the near future. 

August 22, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Board Room
Zoopla Creates Agent Advisory Board to Give Customers a Say on Lettings Policy

British #2 portal Zoopla has launched a Lettings Advisory Board made up mostly of its agent customers as it looks...

Read More
Spanish Proptech Firms
Housfy Gets Funding and Casavo Expands as Spanish PropTech Market Heats Up

The Spanish PropTech market is heating up with two prominent companies in the market announcing positive news this week. Online...

Read More
Leboncoin Op 1
LeBonCoin Launches New Offering to Help Agents Win Sales Instructions

The French classifieds market leader LeBonCoin has today announced the launch of a new package for real estate agents. The...

Read More
Domain Data
Domain Acquires Data Services Provider Insight Data Solutions

Australian portal company Domain has today announced that it has agreed to acquire data services provider Insight Data Solutions (IDS)....

Read More

Popular News