Mynd, an Oakland, Calif.-based tech-enabled property management company, secured another $5m in venture funding.
The round was led by Lightspeed Ventures, with participation from Canaan Partners, Jackson Square Ventures, and Barry Sternlicht, Chairman and CEO of Starwood Capital Group.
The company, which has raised $15.6m in total venture capital funding, intends to use the capital for rapid expansion into new markets.
Founded in 2016 by CEO Doug Brien and Chairman and CTO Colin Wiel, Mynd has built a technology platform that provides full-service property management for residential buildings, 50 units and smaller, and a dedicated real-time data management and mobile app.
The company currently has a portfolio of over 1,100 units which expanded from the Bay Area to the San Diego market with the acquisition of Pacific Shore Management.