Rentgrata, a Chicago, IL-based renter insights platform that creates connections and builds community for multifamily properties, secured $1M in financing.
The round was led by M25, with participation from Syndicate Fund, Right Side Capital Management, Nelnet, and individual investors Package Concierge Founder and multifamily innovator Georgianna W. Oliver and ApartmentJet Co-Founder Eric Broughton.
The company intends to use the funds to continue to expand operations.
Led by Ben Margolit, co-founder and CEO, Rentgrata provides a renter insights platform that creates connections and builds community for multifamily properties. As a messaging platform for prospective and current residents to connect and share feedback, it facilitates real conversations, while delivering data that helps multifamily professionals understand renter needs.
Rentgrata is already working with 12 of the National Multifamily Housing Council’s top 50 largest property management companies, supporting nearly 60-thousand units – a 258 percent increase year-over-year.