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Bungalow
Residential real estate rental platform
- 101-200 employees
- B2C
- Property
- B2B
- Marketplace
- Renting
- Real Estate
- Social Impact
- Wynwood Art District, Miami, FL
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Company mission
To empower people to live more connected and community-driven lives.
9% employee growth in 12 months
Our take
Co-living company Bungalow was born after its co-founders struggled to find affordable housing upon graduating college. Noticing a gap in the market, Bungalow subdivides homes for private market investors and then rents out the rooms, whilst also matching prospective renters with housemates.
The key to Bungalow's success is in its simplicity for homeowners - who sign a master lease with the company then receive help renovating and furnishing - and its flexibility for renters. Lease terms vary between four to eighteen months, and residents are able to move between Bungalow properties without breaking it. Each home comes furnished and includes WiFi, utilities, housekeeping, and monthly community events for members.
While Airbnb can be seen as a competitor, Bungalow’s core aim is to offer more long-term residential solutions. The company has an impressive occupancy rate, which is attributed to its smaller properties and shorter leasing options. Funds raised will allow it to continue expansion into more US cities, and capitalize on the ever-growing rental demand.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Comprehensive medical, dental, vision, life, and disability benefits; employee premiums are 100% employer-paid
- Up to 16 weeks of fully paid parental leave for both caregivers
- Remote-first company culture
- Optional co-working hubs in San Francisco, Salt Lake City, Miami, and Ontario
- Competitive cash compensation and stock options
- 401(k) sponsored by Fidelity
- $200 monthly wellness stipend and weekly meditation and yoga classes
- Generous time-off policy + 11 company holidays
Company values
- Ruthlessly analytical - Understanding the big picture, graphic detail, and continuously iterating is ingrained in our culture
- Explorers at heart - Exploration drives us to pursue innovative ideas, and experience all that the world has to offer
- Rolling with the punches - Our fast-paced, ever-changing environment requires us to constantly adapt and move forward
- Tight-knit and diverse - Ideas are derived from different perspectives and encourage healthy debate to create the best solutions
- Trailblazers - We are focused on making a meaningful difference in the lives of our customers, by iterating rapidly and taking big swings
- A Championship Team - We design our playbooks with our unique gifts in mind. We prioritize collaboration, continuous feedback and opportunities for growth to maximize potential
- Customer Obsessed - We build our product with our resident’s and homeowner’s experience top of mind
- Owners - We are all in. We care about integrity and accountability and we are biased toward action
Funding (last 2 of 5 rounds)
Aug 2021
$75m
SERIES C
Nov 2019
$32m
SERIES B
Total funding: $143m
This company has top investors
Leadership
Andrew Collins
(CEO)Having studied at Princeton, they worked at Medallia for over 4 years in Customer Success, before 4 months in Facebook. They were an Atomic Entrepreneur in Residence before co-founding Bungalow in January 2017.
Justin McCarty
(COO)Served in the US Army for 2 years before studying Economics and Management at Cornell. They then worked at Merrill Lynch, Goldman Sachs, and Uber. In March 2017, they left Sprig as SF General Manager to co-found Bungalow as COO.