Atlanta based maker of a shared household marketplace raised $20.5m in Series B funding from investors including Core Innovation Capital, Impact Engine, Citi, Mark Cuban Companies, and Cox Enterprises.
"We started PadSplit four years ago with the simple mission of creating opportunities for people who need them, one room at a time," said founder and CEO Atticus LeBlanc. "I'm incredibly grateful right now, knowing that this financial support enables us to continue increasing housing supply that is more affordable and more accessible for the workers serving our communities. As a Public Benefit Corporation, we believe it's possible to do well and good at the same time, and our results have clearly proven that our double-bottom-line approach can create housing supply faster and more cost-effectively than any other solution. We're actively expanding geographies so more of our workforce can find quality housing and save money for their futures."