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Chevy Chase-Based NEA Invests in Apartment Site Zumper

Following the launch of its public beta at TechCrunch Disrupt earlier this month, San Francisco-based Zumper, developer of a new apartment rental site, said it has raised $1 million in seed funding, including an investment from Chevy Chase-based New Enterprise Associates (NEA). Other investors included Kleiner Perkins, Andreessen Horowitz, Greylock, CrunchFund, Dawn Capital, The Experiment Fund and the DeWilde family trust. The company, which currently operates in San Francisco and New York, said it will use the proceeds to fuel expansion, including a planned launch in three more cities over the next year, as well as to hire more engineers. "The apartment rental market represents an enormous opportunity," said CEO Anthemos Georgiades. "Zumper offers renters real-time, curated listings because our platform is built on direct partnerships with leading landlords and brokers. We have also built a more intuitive way to search for and discover great listings."

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