Friday, February 26, 2016

Zumper Buys PadMapper

Mountain View-based rental search service PadMapper has been acquired by San Francisco-based Zumper, the companies announced on Thursday. Financial terms of the deal were not disclosed, however, reports place the deal at somewhere under $10M in cash and stock. Padmapper CEO Eric DeMenthon and CTO Rob Crowell will both join Zumper, which says it intends to continue to run PadMapper as an independent service. Zumper is venture backed by Goodwater Capital, Kleiner Perkins Caufield & Byers, xfund, Andreessen Horowitz, Greylock, NEA, CrunchFund, Dawn Capital, Marcus & Millichap and the DeWilde Family Trust.