NestEgg, a Chicago, IL-based property management platform, raised $7M in Series A funding.
The round was led by Hyde Park Venture Partners, with participation from Bonfire Ventures, BAM Ventures, Financial Venture Studios, Dreamit Ventures, and Hyde Park Angels.
The company intends to use the funds to expand the team, aiming to hire up to 40 new employees over 2021.
Led by Eachan Fletcher, CEO & Co-Founder, NestEgg NestEgg provides a property management platform that empowers independent landlords to manage their rental properties and boost cash flow. The platform helps landlords automate all of their time property management tasks in the following ways:
- Fully automating rent collection with income guarantees that protect against late and missed payments
- Streamlining maintenance coordination and resolution with 24/7 support
- Simplifying administrative tasks including leasing, payments, and insurance renewals
- Financial services that boosts cash flow for landlords and offer rent payment flexibility for renters.