Nestio, a NYC-based marketing and leasing platform for multifamily owners and managers, secured $4.5m in strategic growth capital.
The round, which expands the total amount raised to over $16m, was co-led by Camber Creek and Trinity Ventures with participation from Rudin Ventures, Currency M – the venture investment arm of The Moinian Group, The Durst Organization, LeFrak Ventures – a LeFrak affiliate, and Torch Venture Capital – an affiliate of TheLightstone Group, as well as existing investors Freestyle Capital and Lazerow Ventures.
The company intends to use the funds to continue to invest in the product and expand its business reach.
Led by Caren Maio, founder and chief executive officer, Nestio provides a platform to streamline the apartment marketing and leasing process, enabling multifamily professionals to generate profits, efficiency and insight across their portfolios. Customers manage hundreds of thousands of listings on its platform across the nation’s top real-estate markets, including New York, Boston, Chicago, Houston, Dallas and more.