PadSplit
Co-living marketplace — bedrooms in shared houses rented week-to-week to working-class tenants. ~15K rooms across 40+ US metros.
- Location
- Atlanta, United States
- Raised
- $60M+
- Stage
- Series B
- Founded
- 2017
- Category
- Marketplace
- Funding
- VC-backed
- Team
- 201-500
Funding figures as of Jul 2025 · not independently verified
Founders of PadSplit
- Atticus LeBlanc
Investors backing PadSplit
- Andreessen Horowitz
- Y Combinator
Frequently asked questions
What does PadSplit do?
Co-living marketplace — bedrooms in shared houses rented week-to-week to working-class tenants. ~15K rooms across 40+ US metros.
Where is PadSplit based?
PadSplit is based in Atlanta, United States.
When was PadSplit founded?
PadSplit was founded in 2017.
How much has PadSplit raised?
PadSplit has raised $60M+ in their Series B round as of Jul 2025.
Who founded PadSplit?
PadSplit was founded by Atticus LeBlanc.
Who has invested in PadSplit?
PadSplit is backed by Andreessen Horowitz, Y Combinator.
How PadSplit would pitch themselves
● Editorial01Target customer
Working-class US tenants priced out of traditional rentals ($30-60K income) who need affordable, flexible housing — and homeowners with extra rooms.
02Problem they solve
US housing affordability crisis. The median renter pays 30%+ of income on rent; co-living + boarding-house options largely disappeared post-1970.
03Key differentiator
Tech-enabled boarding houses — Padsplit handles tenant screening, weekly rent, utilities, cleaning, and disputes. Hosts earn 2-3x traditional long-term rent.
04Go-to-market strategy
Performance marketing to renters (Facebook + Craigslist replacement). Host acquisition via real estate investor newsletters. Markets-by-markets growth focused on the South + Midwest.