Hive 50 Honors
For putting “missing middle” housing for working Americans on Atlanta’s map, using data to network excess capacity of single-family homes into a co-living, property-as-a-service model.
What You Need To Know
Atlanta-based PadSplit matches real-time options—sleeping quarters and shared common space amenities—with workforce participants averaging $21,000 in annual income who need access to decent, safe, affordable living on a week-to-week or month-to-month basis. The service allows dues-paying members to reserve a private room in a single-family house, splitting up access to kitchen, bathroom, and other amenities with other occupants. PadSplit members avail, as well, of services like cable, Wi-Fi, utilities, and laundry, locations near transit and job centers, and affordable weekly and monthly rates, narrowing the gap in workforce housing options.
Who’s Involved
Atticus LeBlanc, PadSplit CEO and founder; Frank Furman, chief operating officer; Jon O’Bryan, chief technology officer; Enterprise Community Partners; Core Innovation Capital; Cox Enterprises; Kapor Capital; Techstars Ventures; 1984 Ventures; The Impact Engine; and MetaProp.
Time Stamp
PadSplit started up in 2017, raised a seed round of $4.6 million in April 2019, and is working with an Opportunity Zone fund to expand in Atlanta.
