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Bungalow Valuation Soars Over $600 Million as Deer Park Invests

  • Coatue, Khosla, Founders Fund bet on residential marketplace
  • Initially a roommate-finder, firm expanded into family rentals
Andrew Collins

Andrew Collins

Photographer: David Paul Morris/Bloomberg

Bungalow, an online marketplace for residential real estate, has more than tripled its valuation to over $600 million after raising $75 million in equity funding. 

Deer Park Road Management Co. led the round, with participation from existing investors including Coatue, Khosla Ventures, Founders Fund and Atomic, Bungalow co-founder and Chief Executive Officer Andrew Collins said in an interview. The company was last valued at $192 million in 2019, according to PitchBook data.