June Homes is a technology company.
June Homes has raised $40.0M across 2 funding rounds.
June Homes has raised $40.0M in total across 2 funding rounds.
June Homes has raised $40.0M in total across 2 funding rounds.
June Homes's investors include Abstract Ventures, Kevin Hartz, Altair Capital Management, Benchmark, Floodgate, Long Journey Ventures, Plug & Play Ventures, Presence Capital, Redpoint Ventures, Sequoia Capital, Smash Capital, Spark Capital.
June Homes is a proptech company that operates a managed marketplace for flexible, furnished apartment rentals, streamlining the process for renters and landlords in major US cities.[1][2][5] It offers month-to-month leases, no broker fees, mobile app-based 3D tours, contactless move-ins, and turn-key management for owners, including guarantees on occupancy and tenant defaults.[1][2][4] Serving young professionals, business travelers, and mom-and-pop landlords, June Homes solves pain points like outdated rental processes, high fees, and vacancy risks, with strong growth including $50M raised, operations in 10+ cities, 3,000+ units, and 95% occupancy even during COVID.[1][2][5]
The company has demonstrated rapid expansion, with 50% growth in Q2 2021, 2.5x increases in tenant demand and units, and 25.5x fewer defaults than industry averages, filling units 10x faster than legacy systems.[2] Backed by investors like SoftBank Ventures, FJ Labs, and Kairos, it manages premium units in cities like NYC, San Francisco, and DC, positioning itself as a high-growth, data-driven player in residential real estate.[3][5]
Founded in 2017 in New York City (formerly known as Rezidenz), June Homes emerged to address the antiquated US rental market, partnering directly with landlords via a mobile platform for affordable, flexible housing.[1][4][5] The founding team aimed to reinvent renting for a new generation, focusing on simplicity, transparency, and superior customer service amid an industry rife with complications, scams, and inefficiencies.[5] Early traction came from tech-enabled features like app-based applications and 3D tours, enabling moves in as little as three hours.[2][4]
Pivotal moments include securing $50M in funding through Series B-II (with a recent $10M round), expanding to 10 US cities, and growing to 3,000+ units and ~200-300 team members worldwide.[1][5][6] By 2021, it reported explosive metrics like 50% quarterly growth and maintained 95% occupancy through the pandemic, solidifying its path as the "fastest growing proptech startup."[2][5]
June Homes rides the proptech wave transforming residential real estate, fueled by demand for flexible living post-COVID, urbanization in major cities, and millennials/Gen Z favoring short-term, furnished rentals over traditional leases.[1][2] Timing aligns with market shifts: remote work, high mobility, and e-commerce-like expectations for housing, where legacy systems lag—June fills units 10x faster and boasts superior metrics amid housing shortages.[2][5]
It influences the ecosystem by partnering with mom-and-pop landlords (often underserved), boosting their NOI while providing renters tech-enabled convenience akin to competitors like Blueground or Bungalow, but with stronger US focus and guarantees.[1][2] In a $24.8M revenue-generating sector, June's expansion to 10 cities and 300+ employees amplifies proptech's disruption of broker-heavy models, promoting efficiency and accessibility.[4][6]
June Homes is poised for continued dominance in flexible rentals, leveraging its $50M war chest to scale beyond 3,000 units into more cities and potentially international markets, capitalizing on persistent housing demand and proptech tailwinds.[1][5] Trends like AI-driven personalization, further remote work normalization, and regulatory pushes for tenant protections will shape its path, enhancing features like rent customization and predictive occupancy tools.[1][2]
Its influence may evolve by setting standards for managed marketplaces, acquiring smaller players, or expanding into adjacent services like corporate housing—potentially challenging giants if growth sustains at 500%+ forecasts. This positions June Homes as a frontrunner redefining urban living, directly tying back to its mission of modernizing an outdated rental world for renters and owners alike.[3][5]
June Homes has raised $40.0M across 2 funding rounds. Most recently, it raised $27.0M Series B in September 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2021 | $27.0M Series B | Abstract Ventures, Kevin Hartz, Altair Capital Management, Benchmark, Floodgate, Long Journey Ventures, Plug & Play Ventures, Presence Capital, Redpoint Ventures, Sequoia Capital, Smash Capital, Spark Capital, TA Ventures, TQ Ventures, Trust Fund, Union Square Ventures, Adam Gross, Alex Adelman, Amadeo Brenninkmeijer, Baron Davis, Eric Feng, Eric Wu, Gautam Gupta, Jim Lanzone, Kevin Lin, Oskar Hartmann, Scott Banister, Scott Belsky, Tikhon Bernstam, Vladimir Kholiaznikov, Will Gaybrick | |
| Dec 1, 2020 | $13.0M Series A | Kevin Hartz, Presence Capital, Redpoint Ventures, Spark Capital, Adam Gross, Alex Adelman, Tikhon Bernstam, Will Gaybrick |