TechCrunch staffer Natasha Lomas reports on venture capital infusion funding for Student.com, which aims to simplify the accommodation search for international students needing to secure a base for their studies from a distance.
Lomas notes that in addition to making it easier for international students, the firm matches landlords with such students, a lucrative customer pool of renters who, odds are, will treat properties with greater than average care and respect. She writes:
Student.com sits in the middle of these two parties, taking its commission cut from bookings. It claims to have taken in $110 million in bookings last year alone, from students in more than 100 countries. Landlords using its platform pay a commission on the total rental period, which it says is typically an academic year, but can be shorter a shorter timeframe, such as a summer, or as long as three years.