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PadSplit

PadSplit logo

PadSplit

padsplit.com
HQ: Atlanta, Georgia, United States
200
Real Estate

Company research

Public company, workplace, funding, and market signals

Updated Aug 16, 2026

Overview

PadSplit is a U.S. public-benefit corporation operating a technology-enabled coliving marketplace. It connects renters seeking flexible, affordable housing with property owners offering furnished private rooms in shared homes. The company’s model is designed to reduce traditional rental barriers while helping owners increase occupancy and rental income.

Primary product

A marketplace and operating platform for furnished private-room rentals in shared homes, with weekly all-inclusive payments covering rent, utilities, Wi-Fi and furniture.

Founded

2017

Headquarters

Atlanta, Georgia, United States

Team size

100-150

Work style

Remote

Industry

Real Estate

Sub-industry

Coliving, shared housing and affordable rental housing technology

Offices

Atlanta, Georgia, United States
Stone Mountain, Georgia, United States

Business model

Two-sided marketplace connecting residents and property owners
Transaction and booking fees
Property-owner services and operational support
Real-estate investment and shared-housing enablement

Funding

Stage

Series B / growth stage; privately held

Total raised

$35.2M

Latest round

Debt financing facility from ORIX USA Growth Capital · Apr 2026

Debt financing

Apr 2026 · ORIX Corporation USA Growth Capital

Series B

Nov 2021

$20.5M

Series A / equity offering

Apr 2020 · Core Innovation Capital

$10M

Seed

Apr 2019

$4.6M

Pre-seed

Jul 2018 · Techstars

$120K

People & investors

Leadership

Atticus LeBlanc

Founder and Chief Executive Officer

Cliff Johnson

President

Erin Fusaro

Chief Technology Officer

Adam Kolojejchick-Kotch

Chief Growth Officer

Hameto Benkreira

Head of Product

Ashley Groves

Head of Host Experience

Joel Glenny

Head of Sales

Tara Bendler

Director of Partnerships

Investors

Core Innovation Capital
Impact Engine
Mark Cuban Companies
ORIX Corporation USA Growth Capital
Techstars

Work & culture

PadSplit describes itself as mission-driven, data-oriented and fully distributed. Public employee spotlights emphasize affordable-housing impact, supportive remote collaboration, camera-on meetings, online social activities, Slack and video communication, and occasional in-person engineering gatherings.

Work style

Remote

Compensation

The careers page says compensation combines short- and long-term incentives and is competitive. An employee spotlight says the company compensated technical expertise well, but public role-specific salary ranges were not identified.

Benefits

Fully distributed work environment
Flexible time off with a reasonable-vacation policy
Medical, dental and life insurance for full-time employees
Employer contribution toward health-plan premiums
Up to 12 weeks of paid parental leave
Ramp-up and ramp-down support after parental leave
Competitive compensation with short- and long-term incentives

Product & market

Pricing

Residents generally pay weekly, all-inclusive rent for a private furnished room; pricing varies by market and property. Reported examples include approximately $500-$700 per month for some older Houston properties and roughly $744 average monthly rent in the Houston market. PadSplit monetizes the supply side through transaction or booking-related fees charged in connection with occupied rooms.

Differentiators

  • —Focus on lower-income renters and essential workers rather than conventional apartment renters
  • —Furnished private rooms with utilities, Wi-Fi and other costs bundled into one recurring payment
  • —Weekly payment structure and flexible terms
  • —No minimum credit score and lower upfront barriers than many traditional rentals
  • —Asset-light marketplace model that uses existing housing stock rather than owning most properties
  • —Technology, marketing, resident screening and operating support for property owners
  • —Public-benefit-corporation structure and explicit affordable-housing mission
  • —Personalized rent-payment features intended to improve budgeting and financial health

Technology

React
React Native
JavaScript
Python
Django
GraphQL
PostgreSQL
MySQL
MongoDB
Amazon RDS
Elasticsearch
Snowflake
dbt
Looker
Amplitude
Mixpanel
Firebase
Git
Jira
Salesforce HubSpot Zendesk and Braze

Customers

Renters and essential workers seeking furnished rooms
Property owners, landlords and real-estate investors
New Western investors
Furnished Finder renters and hosts
Portland Housing Bureau home-sharing pilot participants

Competitors

Common
Quarters
Starcity
Ollie
Airbnb
Roomster
Zumper
Zillow Rentals
HotPads
Trulia

Scale & contact

Estimated revenue

$1M-$10M annually; third-party company-data estimates reported approximately $1.5M, while other public company statements and historical employee commentary suggest materially higher marketplace or gross revenue figures. Treat this estimate as low confidence.

Estimated monthly visits

1.2M

Traffic estimate as of Jun 2026

Signals & risks

Other
Apr 2020

PadSplit reported that a planned Series A financing was lost at the last minute because of COVID-19 concerns, leading much of the team to work for free or at discounted pay for approximately five months.

Source
Other
Jun 2024

The company acknowledged negative press, dozens of legal attacks and ongoing disputes with jurisdictions over zoning and housing regulations. Shared-housing operations remain exposed to local occupancy, zoning and permitting risk.

Source
Other
Aug 2026

PadSplit launched HostGuard coverage for new listings and planned to fund it through a reported 2.25% increase in member transaction fees, creating potential pricing and adoption sensitivity.

Source

Latest news

Furnished Finder partners with PadSplit to expand affordable room-rental inventory nationwide

PR Newswire / Furnished Finder · Jun 2026

The partnership uses Furnished Finder supply APIs to list thousands of PadSplit furnished rooms on Furnished Finder across 18 states.

PadSplit secures new financing from ORIX USA’s Growth Capital business to accelerate affordable-housing expansion

ORIX Group USA · Apr 2026

PadSplit announced a new debt financing facility with ORIX USA. The company said the capital would support technology, data infrastructure and nationwide expansion; it reported more than 75,000 people housed across 32,000-plus rooms in 40 U.S. markets.

Portland tests PadSplit model to ease inventory and affordability crunch

HousingWire · Mar 2026

Portland selected PadSplit as a qualified home-sharing provider for a 12-month pilot offering homeowners incentives of up to $1,000 per rented bedroom. The article reported more than 31,000 rooms and over 70,000 people housed.

New Western and PadSplit partner to expand access to affordable housing investments

New Western · Jul 2025

The companies announced joint educational, marketing and event initiatives connecting New Western’s real-estate investor network with PadSplit’s shared-housing model. The release cited more than 21,000 rooms and over 50,000 people housed.

PadSplit, a marketplace for affordable shared housing, surpasses 10K-plus units

TechCrunch · Jan 2024

TechCrunch reported that PadSplit had created more than 10,000 rooms in 18 cities and provided stable accommodation to over 23,000 people. It also cited $35.1 million in funding from Core Innovation Capital, Impact Engine and Mark Cuban Companies.

CareersCompany news and host resourcesFounder and CEO LinkedInFund and investor informationGreenhouse jobs boardHomepageHost/property-owner informationLinkedIn company pageResident marketplaceTeam and employee spotlights
SourcesPadSplit official websitePadSplit careers and benefitsPadSplit company LinkedInPadSplit fund pagePadSplit host resources and newsSEC EDGAR company filings2019 SEC Form D filing2020 SEC Form D filing2021 SEC Form D filingORIX financing announcementTechCrunch 10,000-unit milestonePadSplit LinkedIn company page

Jobs and careers at PadSplit

15 jobs at PadSplit

Senior Product Designer (Fully Remote)

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1w ago
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RevOps Lead

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QA Engineer (Anywhere in Europe)

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Senior Data Analyst (Fully Remote)

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Account Executive - Boston, MA

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Director of Technology Operations

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3w ago
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Account Executive - Denver, CO

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Denver, CO
3w ago
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Host Account Manager - Emerging Product

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1mo ago
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Lifecycle Marketing Automation Specialist

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Tier 1 - Support Agent

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Anywhere In Philippines
1mo ago
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Head of Market Growth

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2mo ago
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Account Executive - Chicago, IL

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Chicago, IL
2mo ago
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Performance Marketing Manager (Host Growth - B2B)

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Staff Platform Engineer (Fully Remote)

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