RentPath Acquires Lovely

SAN FRANCISCO—RentPath, the premier vertical search company for apartment and home renters, has invested $13 million to acquire San Francisco-based Lovely, a start-up whose mission is to provide the most comprehensive and transparent rental experience for renters, property owners and managers nationwide.

Lovely is the first mobile-powered end-to-end rental marketplace where renters can search, apply and pay rent directly from their mobile device and the web. “Lovely has done an amazing job at designing products for desktop and mobile devices that simplify the renting process and offer innovative solutions for renters and property managers,” according to Charles Stubbs, CEO of RentPath.  “This acquisition illustrates RentPath’s commitment to delivering the best consumer experience and redefining how renters find the perfect place to live.  We are excited to welcome Lovely to the RentPath family.”