The global rental market includes a diverse group of private companies. For example, Bilt Rewards in the US reached an $11B valuation by letting tenants earn points on rent, while China's Ziroom focuses on property management with $2.1B in funding.

Brazil's QuintoAndar, valued at $5.1B, simplifies the rental process for residential properties. In Germany, Grover applies a different model, having raised $2.3B for its tech rental subscription service.

Below is the full list of 5 Rental unicorn startups at this time.

Top 5 Most Valuable Rental Unicorns

Bilt Rewards runs a first-of-its-kind loyalty program that allows renters to earn points on their largest monthly expense. Through their platform and the Bilt Mastercard, members can pay rent without transaction fees and redeem points for travel or a future down payment.

Valuation$11B (Joined October 2022)
HeadquartersNew York, New York, United States
Year Founded2021
FoundersAnkur Jain, David Wyler
Funding Amount$813.3M
Company SizeMid-Size Team (51-250)
Last Funding StatusVenture Round
Top InvestorsEldridge Industries, Wells Fargo, General Catalyst, Vanderbilt University, United Wholesale Mortgage

Ziroom operates a large-scale platform for long-term apartment rentals and property management. Their model involves taking on properties from owners and renting them out as furnished, move-in-ready apartments.

Valuation$7B (Joined January 2018)
HeadquartersBeijing, Beijing, China
Year Founded2011
FoundersLin Xiong
Funding Amount$2.1B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsHSG, SoftBank Vision Fund, Warburg Pincus, Tencent, General Atlantic

QuintoAndar operates a digital marketplace designed to make renting a home easier for both tenants and landlords. The platform connects renters and landlords directly, handling key steps like property viewings, credit analysis, and digital contract signing.

Valuation$5.1B (Joined September 2019)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2012
FoundersAndre Penha, Gabriel Braga
Funding Amount$755.3M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusVenture Round
Top InvestorsGeneral Atlantic, QED Investors, Tencent, Ribbit Capital, Social Capital

Roofstock runs an online marketplace for investing in leased single-family rental homes. Their platform simplifies real estate investing by allowing users to purchase properties that already have tenants in place.

Valuation$2B (Joined March 2022)
HeadquartersOakland, California, United States
Year Founded2015
FoundersDevin Wade, Gary Beasley, Gregor Watson, Rich Ford
Funding Amount$365.3M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsLightspeed Venture Partners, QED Investors, Bain Capital, Khosla Ventures, Bain Capital Ventures

Lessen operates a technology platform that streamlines property services and maintenance for rental portfolios. Their marketplace connects property owners with a network of vetted professionals to handle repairs, cleaning, and unit turnovers.

Valuation$2B (Joined November 2021)
HeadquartersScottsdale, Arizona, United States
Year Founded2019
FoundersGregor Watson, Jay McKee
Funding Amount$735M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsVarde Partners, General Catalyst, Monroe Capital, Khosla Ventures, Fifth Wall