Nooklyn, a Brooklyn, N.Y.-based real estate tech startup, closed an $825k seed funding round.
The round was led by Patoma, a firm specializing in Brooklyn multi-family development and early stage tech investments, with participation from other real estate developers and family offices that specialize in multi-family development across United States.
The company intends to use the funds to expand its engineering, design, and data teams to build an end-to-end digital leasing product for renters, roommates and property owners, and grow into Manhattan.
Led by Harley Courts, CEO and co-founder, and Moiz K. Malik, CFO, Nooklyn is a real estate tech startup that operates:
– Rooms & Mates, a social network for roommates,
– Nooklyn Apply, a tool to secure an apartment,
– Nooklyn Pay, a digital payments platform, and soon, and
– Nooklyn Stay, a tool to pay monthly rent online.
Since launching the platform in 2015, Nooklyn has helped 25k renters move, processed $40m in rental payments, and has over 250 real estate agents working exclusively for the startup. 49k renters use the platform every month.