Nestio, a New York City-based leasing and marketing platform for residential landlords and brokers, raised $8m in Series A funding.
The round was led by Trinity Ventures with participation from previous investors Freestyle Capital, Joanne Wilson, David Cohen, and Mike Lazerow. In conjunction with the funding, Noel Fenton, founder and general partner of Trinity Ventures, will join Nestio’s board of directors.
The company intends to use the funds to grow its existing engineering, product and sales teams; and accelerate expansion into new markets next year, including Boston, Chicago, Miami, and Washington, D.C.
Led by by CEO and co-founder Caren Maio and new CFO Scott Wolfgang, Nestio provides cloud-based software for residential multi-family landlords and brokers to manage their leasing and marketing operations. It enables residential professionals to manage inventory, track leads and deals, advertise listings and access performance analytics – in real time.
The company currently operates in New York City and will soon expand into Boston, Chicago, Miami, and Washington, D.C.