ABODO Closes $4.8M Series A

by Taylor Kennedy

abodoABODO announced today that it closed a $4.8 million Series A financing round.

The funding will be used to expand the engineering, sales and marketing teams as well as to expand into new markets nationwide, a spokesperson for ABODO said.

According to a release, 4490 Ventures, American Family Ventures and Flyover Capital participated in the round.

“This round will be used to continue our mission to innovate in the apartment listing space in order to bring meaningful change to the way people find apartments today,” ABODO CEO Alec Slocum said in a statement. “We’re extremely excited to use the funding for continued national growth and expansion.”

The hyper-local apartment search service, which has seen its user base grow by 600 percent over the past year, has raised more than $8 million since the company started in 2012.