Hemlane, a San Francisco, CA-based modern property management solution that combines technology with local agents, closed a $2.5m seed financing round.
The round was led by Prudence Holdings, with participation from Aglaé Ventures, Stanford-StartX Fund and several technology entrepreneurs including Thumbtack Founder Marco Zappacosta and Vouch Insurance Founder Sam Hodges.
The company intends to use the funds to continue to expand operations and its business reach.
Founded by Dana Dunford and Frank Liu, Hemlane provides an all-in-one rental management solution. It offers two packages, a software only and a software plus service package. The software automates all administrative tasks, including advertising rentals to the top 30 listing websites, scheduling property showings, performing tenant screening, completing leases, collecting rent, initiating automatic late fees, and coordinating maintenance requests. The service package connects owners with local agents and 24/7 maintenance coordinators. To build the services network, leasing agents and managers using Hemlane’s software connect with newly registered rental owners on the platform.
Hemlane has rental properties in all 50 States and currently serves property owners and managers that have as few as one property to hundreds of properties. It is the exclusive property management partner to the California Association of Realtors (CAR) and partner to Roofstock.