About PadSplit
PadSplit is a company based in Atlanta (United States) founded in 2017 by Atticus LeBlanc.. PadSplit has raised $35.22 million across 4 funding rounds from investors including Citi, Citi and Enterprise Community. PadSplit offers products and services including Room Rental Platform and Credit Building Tool. PadSplit operates in a competitive market with competitors including Rukita, Badi, Common, Selina and Stanza Living, among others.
- Headquarter Atlanta, United States
- Founders Atticus LeBlanc
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Padsplit, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35.22 M (USD)
in 4 rounds
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Latest Funding Round
$20.5 M (USD), Series B
Nov 01, 2021
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Investors
Citi
& 13 more
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Employee Count
Employee Count
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Products & Services of PadSplit
PadSplit offers a comprehensive portfolio of products and services, including Room Rental Platform and Credit Building Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online platform for booking affordable weekly rooms and co-living
Feature that reports payments to improve user credit scores
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Funding Insights of PadSplit
PadSplit has successfully raised a total of $35.22M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $20.5 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $20.5M
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First Round
First Round
(12 Jul 2018)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - PadSplit | Valuation |
investors |
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| May, 2020 | Amount | Series A - PadSplit | Valuation | Core Innovation Capital | |
| Apr, 2019 | Amount | Seed - PadSplit | Valuation | Core Innovation Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PadSplit
PadSplit has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Citi, Citi and Enterprise Community. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in fintech and technology for wealth and health.
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Founded Year | Domain | Location | |
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Venture capital is provided to economic, sustainability, and health sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund focused on real estate technology.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PadSplit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PadSplit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Padsplit Comparisons
Competitors of PadSplit
PadSplit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rukita, Badi, Common, Selina and Stanza Living, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lifestyle residences are provided to revolutionize rental housing solutions.
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| domain | founded_year | HQ Location |
AI-driven platform to find shared accommodation
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| domain | founded_year | HQ Location |
Provider of managed co-living spaces
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| domain | founded_year | HQ Location |
Online platform for booking hostel accommodation and co-working spaces for travelers
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| domain | founded_year | HQ Location |
Operator of managed accommodations providing fully-furnished living spaces with essential amenities
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Padsplit
Frequently Asked Questions about PadSplit
When was PadSplit founded?
PadSplit was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is PadSplit located?
PadSplit is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is PadSplit a funded company?
PadSplit is a funded company, having raised a total of $35.22M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4.6M, raised on Jul 12, 2018.
What does PadSplit do?
PadSplit was founded in 2017 in Atlanta, United States, operating in the co-living and shared accommodation sector. Properties are leased from homeowners and sublet as branded managed accommodations. Amenities including furnishings, utilities, laundry, and internet access are supplied to residents. Property owners are enabled to monetize their spaces via an online application process.
Who are the top competitors of PadSplit?
PadSplit's top competitors include Stanza Living, Housr and Habyt.
What products or services does PadSplit offer?
PadSplit offers Room Rental Platform and Credit Building Tool.
Who are PadSplit's investors?
PadSplit has 14 investors. Key investors include Citi, Citi, Enterprise Community, Techstars, and Core Innovation Capital.
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