OneRent, a San Jose, CA-based provider of a residential rental and property management service, closed a $4M Series A round of funding.
Renren, an investor in early-stage startups, made the investment.
The company intends to use the funds for expansion into several new markets in 2016, and talent acquisition with a specific focus in engineering, operations, and sales.
Launched in January 2016, OneRent is now managing properties for more than 500 real estate investors and property owners with buildings from 1 to 50 units. The company plans to offer its services in the following cities:
– Los Angeles: Santa Monica, Hollywood, Venice, and Marina del Rey
– San Diego
– Washington, DC