Each Tuesday, we reverse-engineer a real SaaS company's revenue, profit, CAC, funnels, and its top growth tactic.
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Founded 2016
Find 2 competitors in the Venture Capital. Compare other SaaS such as University Living and PadSplit. These 2B-Community Impact investment competitors have raised $14.6M and together serve more than 1.5M customers and employ over 563 team members.
Venture Capital
Developer of a student accommodation platform intended to help International students secure safe and value for money accommodations. The company's platform allows users to discover, compare and book quality accommodation around the world, enabling students to get access to comfortable and budget-friendly accommodation around the globe.
Venture Capital
PadSplit, founded in 2017 by Atticus LeBlanc as a public benefit corporation, is the largest co-living marketplace in the United States. LeBlanc, a Yale graduate who has worked in affordable housing since 2005, built PadSplit as a two-sided marketplace connecting residents who cannot afford traditional rent with property owners offering furnished, all-utilities-included private rooms in shared homes. The company operates in 40 states and counts 34,000 rentable units on its platform as of May 2026, up from just 82 units at the end of 2018. PadSplit processes over $250 million in annual gross merchandise volume and takes approximately 8% of ongoing transactions, plus the first 10 days of a new stay when it sources the resident. The company has raised $14.6 million in equity across 3 rounds, with its Series B closing in 2021 after 77 investor meetings and a single yes. GMV has grown 70% year over year for approximately three years. Current revenue stands at $20 million as of 2026, up from $2.7 million in 2021. The team has grown to 240 employees, with roughly 100 in customer service. The single most striking strategic fact is LeBlanc's deliberate choice to build a marketplace model rather than owning inventory, citing Airbnb's 6 million units versus Invitation Homes' 60,000 houses as the proof point that a marketplace could reach far greater scale toward solving the affordable housing crisis.
