The battle lines have been drawn on Boston apartment rental listings.
Taking on the likes of Zillow, Redfin struck a deal to buy RentPath for $608 million, the company said Friday. Yes, that’s the same RentPath that called off a $588 million sale to CoStar last year, after federal regulators blocked the deal on antitrust grounds. With Redfin, there are no such concerns since Redfin is new to the apartment rental game.
“The websites that are ahead of us as real estate destinations have rentals,” he said. “We don’t. The only way to climb that mountain is by building that inventory.”
Knock, knock. Is the apartment landlord home?
Knock, a startup that bills itself as the “front-office tech stack” for apartment landlords, has raised $20 million in growth equity to roll out new products like virtual touring and leasing for apartment owners at a low price.
The round, led by Fifth Wall Ventures, brings its total funding to $47 million. Previous backers Madrona Venture Group, Lead Edge Capital, Second Avenue Partners and Seven Peaks Ventures also participated in the round.
Using Knock’s software, Boston apartment owners can manage correspondence with prospects and stay on top of calendar items — from showings to renewals. Every operational touchpoint is managed within Knock.