Dwellsy, the rental marketplace with the most comprehensive data and listings, today announces the close of an oversubscribed $11.5 million seed funding round. Ulu Ventures led the round, joined by the University of Chicago, Frontiers Capital, Heroic Ventures, NJP Ventures, Blackhorn Ventures, Gaingels, and the BCG Angels.
Dwellsy, which launched four years ago, hosts a consumer-facing marketplace and provides quality, enterprise-level rental price data—something that previously has not been available nationally. The data, which is continuously refreshed, includes information on over 14 million rental units. More than 250 attributes are covered, providing extensive details for informed decision-making.
“Dwellsy’s success is due to pent-up demand for a rental housing marketplace that provides an amazing experience for renters; zero-cost, high-quality listings for residential rental owners and managers; and high-quality property rental price data for businesses,” said Jonas Bordo, Dwellsy’s CEO and cofounder. “There’s a huge base of renters and owners who need help navigating a system that’s more complex than it’s ever been—particularly with the rental fraud happening on other platforms.”
“In Dwellsy, we saw an opportunity for an enormous unserved market—renters—to get the great service they’ve always wanted and deserved,” said Steve Reale, partner, Ulu Ventures, and Dwellsy board member. “Dwellsy is the first company we’ve seen that can remake this broken market, improving lives for America’s 110 million renters and 10 million landlords—and addressing an $800 billion-plus market in the process.”
Rosalind and Jonas Bordo created Dwellsy in 2019. The husband-and-wife team quickly built the largest-ever inventory of available rental properties. Property managers, landlords, and renters have embraced the platform in record numbers. As of September 2023, over 14 million individual rental homes and apartments list on Dwellsy when they have availability.
“We’re honored to partner with over 20,000 professional property management organizations and hundreds of thousands of individual landlords to bring their great inventory to renters,” said Rosalind Bordo, Dwellsy’s chief product officer and cofounder. “They’ve got the amazing homes and apartments that renters want, and Dwellsy is the platform that renters can use to find the best available rental, quickly and easily.”
Dwellsy’s inventory represents the full range of rentals: homes and apartments, single-family rentals in small towns, and high-rise towers in major cities.
