ABODO Raises $1.25 Million in Series A Funding to Deliver Hyperlocal Apartment Search
Summary
MADISON, WI--(Marketwired - Jul 30, 2014) - The hyperlocal online rental marketplace ABODO announced today it has closed $1.25 million in Series A financing, led by American Family Ventures. Unlike traditional apartment listing services, ABODO focuses on building a massive presence in targeted markets to ensure a unique, locally tailored search experience for renters. Together, he and co-founders Chad Aldous and Adam Olien launched ABODO as a hyperlocal rental marketplace that featured the largest, most accurate inventory of local apartments in Madison. "We have deep industry perspective on real estate and technology, which gave us an upper-hand in evaluating the market opportunity for ABODO," said Jonathan McCulloch, co-founder of Lakewest Venture Partners. "In Madison, where they launched, ABODO offers about 25 percent more inventory than even the largest online real estate services, yet the search process is extremely simple and intuitive.