ABODO recently announced a $4.8 million round of funding.
The Madison-based startup is the creator of a popular software used by renters to locate apartments. Their service is already offered in 30 cities across the US, and they plan to use the funding to double that number by the end of 2017. In addition, the funding round led by 4490 Ventures will allow ABODO to move to bigger offices to accommodate their growing company.
With over 500,000 users per month, ABODO has positioned itself as a leader in the apartment search industry. They have now raised over $8 million to date. You can read more about ABODO here.
The hyperlocal online rental marketplace ABODO announced today it has closed $1.25 million in Series A financing, led by American Family Ventures. Also joining the round are 4490 Ventures and Lakewest Venture Partners, and this investment is the first for the new 4490 Ventures fund. ABODO is an apartment listing service that has already launched in 6 markets, with plans to expand to 25 nationwide in the coming year. ABODO is a graduate of the 2012 gener8tor accelerator class.
More info about ABODO and their raise can be found here.
Apartment listing service Abodo.com completed its seed funding round of $325,000 recently, led primarily by Wisconsin based angel investors. Abodo has helped more than 40,000 Madison renters find new apartments in the last 12 months, and plans to continue expansion across the Midwest. Abodo employs 5 full-time people and is a graduate of the Winter 2013 gener8tor class. Read more here.