Business Investments, StartUp Accelerator, Venture Capital

Launch House

It is a new startup that allows you to live in a house for as little as $300 per month or $1,000 per month. This service has been slowly spreading across the United States and is available in many major cities like San Francisco, New York, Phoenix, Los Angeles and Chicago. Launch House’s service offers everything from all-inclusive meals to laundry and cleaning services.

As they continue to grow they plan on adding rental cars when it reaches enough demand. It will also add a team that will help you find housing options in your area. Launch House has been featured in major publications like Yahoo and Popular Science, where they have been called “the Airbnb for the middle class.” The Startup has raised an undisclosed amount of funding from investors including Vision Venture Capital, Redpoint Ventures, First Round Capital and Vulcan Capital.

“We are pleased to report that the average tenant spends about $440 per month for rent and utilities.”

“One of our most important goals is to lead by example. We are proud of our team’s work ethic, which has allowed us to maintain a strong focus on creating a quality service while still being extremely cost efficient.” Launch House CEO Janine Handel, April 30, 2013.

Launch House has received generally positive reviews.

In an article by “Fast Company” they stated, “By definition, these low-cost dwellings aren’t a substitute for a place you’d like to call home.”

A post by “The Week” said, “While launching their new venture in Chicago, Launch House’s website has it listed as a $199/month residence. That may sound like a lot for the location and amenities, but it’s nothing when compared to the cost of living in Chicago.”

Huffington Post posted an article with a title of “Launch House in Chicago Features Healthy Meal Plans, Daily Laundry Service – what more could you ask for?”

In an article by The Atlantic they said, “It’s still unclear how it will adjust its business model once it opens to residents in Chicago. Refer to this page for additional information.


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