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San Francisco based residential real estate platform has raised $50m in debt financing and $14m in Series A funding, co-led by Khosla Ventures, Atomic VC, Founders Fund, Cherubic Ventures, and Wing Ventures.
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Led by Andrew Collins, co-founder and CEO, Bungalow utilizes existing housing supply by signing long-term leases with homeowners, and offers multi-bedroom homes in some of the most desirable neighborhoods in cities throughout the U.S. The platform matches potential roommates, provides furnished common areas, and takes care of utilities including WiFi and monthly cleaning services.
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