Bedly, a New York City and Cambridge, Mass.–based platform for end-to-end rental housing services, raised $2.7M in seed funding.
The round was led by Accomplice with participation from Founder Collective and several angel investors.
The company intends to use the funds to increase members (renters) and increase housing inventory in New York City and Boston.
Led by co-founders Ben Chester and Martin Greenberg, Bedly provides an online platform for end-to-end rental services – from search, to finding roommates, to defining flexible terms and executing agreements, through move in and move out. Bedly’s members, primarily young professionals and students, have access to a network of apartments, shared housing for rent, and roommates. Members can search a selection of units by desired price and neighborhood, and connect with the company’s concierge service to find compatible roommates.
Rental terms are flexible and agreements are executed through the platform. Bedly handles everything, including furnishing, maintenance, utilities, and WiFi, which is standard in all housing.
The company doesn’t own its housing inventory. It has agreements with building and condo owners and manages all day-to-day administrative, tenant communications and property management functions for them.