For many students pursuing higher education, housing expenses continue to be a major concern due to the global surge in rent prices.
Still, there are startups hoping to save these students’ money. Among them is Amber, a business that aims to streamline the rental process and do away with broker fees.
The platform recently secured US $21 million in a financing round headed by Gaja Capital. Among other growth projects, this infusion will support Amber’s worldwide expansion, the statement stated.
With the help of virtual tours, verified listings, and professional advice, Amber makes the house hunt easier. The company also has a dashboard tool for property managers and an AI-powered dynamic pricing engine with the goal of optimizing operations.
The India-based startup was founded in 2017 and now operates in the US, Australia, Ireland, Canada, Germany, Spain, and the UK. According to Amber, the website and mobile apps have garnered more than one million monthly visitors thus far.
Participating in the round were Lighthouse Canton and Stride Ventures, with The Rainmaker Group serving as the exclusive financial advisor.
