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LoftSmart
eCommerce & Marketplaces · New York City, United States · Founded 2015
Discover and lease amazing college rentals MoreLess
LoftSmart operated as a transactional marketplace specifically tailored for the off-campus student housing market in the United States. The company was founded in 2015 by Sam Bernstein and Sundeep Kumar. Their mission was to streamline the rental process for college students, a demographic they identified as underserved by existing real estate platforms. The founders' direct experience with the challenges of student rentals informed the platform's development. Initially conceived as a review platform akin to a "Yelp for real estate" in college towns, the company quickly gathered extensive peer-to-peer reviews, building trust within its target market.
The business evolved into a full-service platform where students could discover, compare, and collaboratively lease rental properties. LoftSmart's model was designed to address the entire rental lifecycle for students, their roommates, and their parents. Revenue was generated by taking a percentage cut of each lease booked through the platform. The platform served college students looking for off-campus housing and property managers seeking to fill leases. It operated in a market estimated to be worth $130 billion annually in the U.S.
Key features of the LoftSmart platform included crowdsourced reviews, integrated credit and background checks through a partnership with Transunion, and online contract signing via HelloSign. To provide a more realistic view of properties without physical visits, the company integrated Matterport technology for 360-degree virtual tours. After raising approximately $17.6 million in funding over several rounds from investors like Corigin Ventures and AngelPad, LoftSmart was eventually acquired by the real estate brokerage Compass. The company is now considered deadpooled following the acquisition.
Keywords: LoftSmart, student housing, rental marketplace, proptech, lease platform, Sam Bernstein, Sundeep Kumar, off-campus rentals, college housing, real estate technology, student leasing, property technology, rental reviews, online leasing, Compass acquisition, AngelPad, Corigin Ventures, transactional marketplace, student rentals, real estate platform
Company overview
LoftSmart company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2015
- Headquarters
- New York City, United States
- Employees
- 2
- Open positions
- None listed
- Dealroom signal
- 58.7
Valuation & funding
LoftSmart funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jun 2018 | $14M | $56M | AngelPad · FJ Labs · Tusk Ventures | — |
| EARLY VC✓Equity / VC | Jul 2017 | $2.7M | $11M | Tribeca Venture Partners · Sterling.VC · Solon Mack Capital · Expansion Venture Capital | — |
| SEED✓Equity / VC | Sep 2016 | $1.8M | $7.2M | MetaProp · Expansion Venture Capital · Full Tilt Capital · Jaffray Woodriff | — |
| ANGEL✓Equity / VC | Apr 2016 | $500K | $2M | AngelPad · Jonathan Ebinger · Adam Healey · Thomas Korte | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $2.1M | 0% | 2 |
| 2025 | $2.1M | 0% | 2 |
| 2024 | $2.1M | 0% | 3 |
| 2023 | $2.1M | 0% | 3 |
| 2022 | $2.1M | 0% | 5 |
| 2021 | $2.1M | 0% | 7 |
| 2020 | $2.1M | — | 21 |
Growth signals
LoftSmart website traffic
Latest recorded traffic for LoftSmart is 700 monthly website visits, down 53.3% over the last three months. LoftSmart's team grew 0% over the past year.
Comparisons
LoftSmart compared with similar companies
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Talent graph
LoftSmart's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where LoftSmart has talent and traffic
team presence
In the news
Latest news about LoftSmart
Recent press, funding announcements, and product moves mentioning LoftSmart — open to read from the original sources.
Market sentiment
What the market is saying about LoftSmart
An AI-synthesized read of the highest-engagement posts about LoftSmart on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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