TurboTenant, a Fort Collins, CO-based provider of online solutions for residential landlords to improve the performance of their rental properties, raised $1.5m in growth funding.
The round was led by FrontRange Capital Partners, LLC.
The company intends to use the funds to add additional landlord clients, broaden its suite of products, and expand its management team and board of advisors.
Led by Sarnen Steinbarth, Founder/CEO, TurboTenant provides independent landlords with online tools to improve the investment performance of their properties. Features include online rental applications, tenant credit and background reports, property listings and automated marketing, and online rent payments. All of these features are free for landlords.
Launched in early 2016, TurboTenant received early seed financing from Crescendo Capital Partners. Joining Steinbarth and Mark Hopkins (Founder of Crescendo Capital Partners) on the TurboTenant board will be Glenn Russo (former President of Zayo Group), David Robertson (CEO of FrontRange Capital Partners), and FrontRange investors David Prokupek (former CEO of Smashburger and Jackson Hewitt) and Chuck Davis (CEO of Swagbucks and former CEO of Fandango and Shopzilla).