Bungalow Living, Inc.

Based in the US, Bungalow Living, Inc. operates a rental platform that simplifies securing living accommodations, particularly for individuals seeking shared or entire homes. Bungalow Living, Inc. provides rental solutions focusing on shared and entire homes.

Founded in 2017 in San Francisco, US, by Abigail Tisch, Andrew Collins, Andrew Dudum, and Marco Petrucci, the company has successfully completed 5 deals with the most recent on August 24, 2021. They raised USD 75 mn in Series C funding led by Deer Park Road Management Company, among others. The total amount raised by the company is USD 75 mn, with a current valuation of USD 510. 88 mn.

Bungalow offers a comprehensive suite of rental solutions aimed at simplifying the process of finding and securing living accommodations, particularly for individuals seeking shared or entire homes. Their core offerings include agent-led, self-guided, and virtual property tours, which facilitate quick leasing processes, with the ability to sign leases within 24 hours. The platform also features a mobile application that centralizes functions such as rent payment, maintenance requests, and roommate payment management, effectively addressing the needs of both solo renters and groups moving together. Bungalow's services are designed to foster community living by matching individuals with compatible roommates, while ensuring safety through thorough pre-screening processes.

The company operates in various major cities across the United States, including Baltimore, Washington, DC, and Miami, thereby catering to a diverse client base that spans urban professionals, students, and families looking for flexibility in lease lengths of 4 to 24 months. Bungalow generates revenue through its rental agreements, which include flexible lease options for both shared and entire homes. Clients typically engage with the company through direct-to-consumer transactions facilitated by the mobile app, where they can manage their rental agreements, make payments, and submit maintenance requests. The pricing structure varies by property, with rental costs aligned to the specific amenities and locations offered, but this information is not disclosed in detail.

Additionally, Bungalow partners with organizations like Esusu to enhance resident services, including credit building through timely rent payment reporting, which can indirectly affect revenue by attracting a broader clientele seeking financial solutions. The overall transactional framework supports a seamless rental experience, ensuring that Bungalow remains competitive in the residential rental market across its operational cities. In August 2021, Bungalow Living, Inc. raised USD 75 mn in Series C funding, which will be utilized to expand its operations and business reach.

The company is focused on launching upcoming properties and services designed to enhance the rental experience. Specific details on new product launches and targeted geographic expansions into additional metropolitan areas are yet to be announced, but plans are in place to broaden their market presence significantly.