P
PadSplit
Provides affordable co-living for the workforce
About PadSplit
PadSplit, founded in 2017, operates as a housing marketplace that connects property owners with individuals seeking affordable living arrangements. The company's platform focuses on a co-living model, converting single-family homes into shared living spaces where tenants can rent a single furnished room.
The business model is designed to address the shortage of affordable housing for the workforce. Property owners can increase their rental income by listing individual rooms, while members gain access to housing at a lower cost than traditional apartments. PadSplit's offering is all-inclusive, with the weekly rent covering a furnished room, utilities, and Wi-Fi. This model primarily serves low-to-middle income individuals, with the median resident income being around $30,000 annually.
By leveraging technology to manage listings, payments, and resident screening, PadSplit streamlines the rental process for both property owners and tenants. The company operates in the real estate technology sector, providing a market-based solution to increase housing supply without the need for new construction. As a Series B company, it has attracted significant investment to expand its operations and impact.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Apr 2026 | $0 | — | ORIX USA Corporation | ↗ |
| LATE VCEquity / VC | Jan 2023 | $0 | — | Stand Together Ventures Lab | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for PadSplit is 1.2M monthly website visits, down 7.7% over the last three months. PadSplit's team grew 12.1% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
Kapor Capital
Core Innovation Capital
1984 Ventures
Impact Engine
Series A4 investors entered at this stage
Alate Partners
Cox Enterprises
Citi
Mark Cuban Companies
Series B and later2 investors entered at this stage
Stand Together Ventures Lab
ORIX USA Corporation
Other known investors7 additional known investors
Builders VC
Drew Moffitt
MetaProp
Overline
Relay Ventures
Riyadh Techstars Accelerator
Techstars
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about PadSplit on X, ranked by likes and reposts, corporate channels excluded.
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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