Bungalow

Overview
News
Alternative Living?
Product stageSegments
Expansion
?
Communal living, Flexible-stay spaces
?

Bungalow is a full-service tech platform that offers a digital-first leasing experience for renters across major metropolitan areas in the US. The company's core offering revolves around providing flexible lease terms, in-app payments, maintenance services, roommate vetting, and add-ons like cleaning, utilities, and Wi-Fi. Bungalow's business model involves partnering with homeowners and investors to identify suitable properties, which the company then leases out to young professionals, typically aiming to achieve higher net operating income compared to traditional property management firms. As of December 2022, Bungalow operated in 21 US markets, including New York, Washington D.C., Austin, Dallas, Denver, San Francisco, and Los Angeles. In June 2024, the company's renewal rate stood at an impressive 68%, significantly higher than the market average of 53.3%. Bungalow originally launched in 2017 as a co-living company but has since expanded its offerings to cater to a broader audience of renters. In December 2022, the startup announced its plans to relocate its headquarters from San Francisco to Miami's Wynwood neighborhood, citing the city's welcoming business environment and diverse talent pool.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1 Letterman Drive Building C, Suite 3500 San Francisco CA USA
Founded year:
2016
Employees:
101-250
IPO status:
Private
Total funding:
USD 171.0 mn
Last Funding:
USD 75.0 mn (Series C; Aug 2021)
Last valuation:
USD 600.0 mn (Aug 2021)
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