Start-Up Apartment List Raises $50 Million Funding Round
Start-up Apartment List is aiming to change the way you rent online. The company just closed a $50 million funding round. Co-Founders John Kobs and Chris Erickson explain how they are using this funding to expand its existing business.
"We actually think that rentals is the next category to have a moment," said Kobs. "We really want to focus on giving more options to our renters."
In 2017, Apartment List doubled the amount of leases signed on its platform. The company is using its new funding do double its headcount in the year ahead.
Stocks fell in the opening session Tuesday as earnings reports continued to pour in and as investors brace for the Federal Reserve's interest-rate decision on Wednesday.
A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls.
