PadSplit Raises $20.5M in Series B Funding
- PadSplit, an Atlanta, GA-based shared housing marketplace specifically designed for the workforce, raised $20.5m in Series B funding
- Backers included Core Innovation Capital, Impact Engine, Citi, Alate Partners, Mark Cuban Companies, and Cox Enterprises, amongst others
- The company will use the capital for market expansion and launch of a new solution for real estate investors to create PadSplts, as a means to create more housing supply
- The company is a shared housing marketplace that provides housing specifically designed for the workforce
- As a Public Benefit Corporation, the company focuses on increasing housing supply and decreasing barriers to access
