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Atticus LeBlanc

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How PadSplit Reached $250M GMV and 34,000 Units as the Largest US Co-Living Marketplace (Interview with CEO Atticus LeBlanc)

Atticus LeBlanc (CEO of PadSplit) spoke to Nathan Latka on May 19, 2026.

PadSplit figures from the interview

Annual GMV (2026)
$250M
Units Listed (2026)
34,000
Units Filled (2026)
25,000
GMV Growth (YoY) (2026)
70%
Take Rate (2026)
8%
“We've always been a marketplace, though. I think that's the first thing that's really important here is we've never owned the inventory. And the idea was always this two-sided marketplace where the people who were struggling to pay their rent could qualify for units and get in almost immediately.”
“about nine and a half months on average, it's a bimodal distribution. you've got like some people who like 11 % of users give or take will move out within the first month or month and a half. Then you have 25 % of all cohort users who will stay for more than 12 months.”
“we make money because if we source the resident into that unit, we take the first 10 days of that stay to help recover a good portion of that marketing expense. And then we get paid 8 % of ongoing transactions. So we only get paid when our hosts actually get paid”

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Bio

Atticus LeBlanc is the Founder and Chief Executive Officer at PadSplit.

Company

PadSplit

Atlanta, United States · Founded 2017

Revenue
$20M
Funding
$14.6M
Team size
240
Customers
34K

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