Ikos, a Pittsburgh, PA-based tech company working to simplify the residential leasing process for landlords and renters. raised $4m in growth funding.
The round was led by Draper Triangle Ventures, with participation from new investors ValueStream as well as existing investors Birchmere Ventures and Riverfront Ventures.
The company intends to use the funds to expand product functionality, add new residential real estate services, grow both staff and partnerships to expand its reach, and make investments in brand-building.
Launched in late 2016, Ikos allows landlords and property owners to fill empty rental units. Using exclusive data, the company fills landlords’ vacancies by pricing, listing, advertising, showing, and leasing properties. Landlords get their properties filled and make smart investment decisions based on the proprietary real estate data that Ikos has acquired since starting.
The company has rented thousands of properties in seven markets including, Chicago, Washington DC, Philadelphia, Pittsburgh, Baltimore, Cleveland and Milwaukee. It now works with tens of thousands of renters each month.