Cozy, a Portland, OR-based service for independent landlords and renters, raised $8.45m in funding.
The round was led by American Family Ventures, with participation from existing investors Social Capital and General Catalyst.
The company intends to use the funds to expand the scope of its offerings, and to build out key new areas.
Led by Gino Zahnd, CEO and co-founder, Cozy provides a tech platform that allows renters to provide private financial and personal identification details for independent verification without sharing them directly with prospective property managers. Applicants pay for their own credit report, which does not impact their credit score, and control how it is shared with prospective property managers. Property managers receive the screening reports at no cost.
The company, whose service is available in all 50 states plus Puerto Rico, now serves more than 100,000 property managers and renters.