Vero, a NYC-based leasing infrastructure for owners and renters, raised $5M in Series A funding.
The round, which brings total funding to more than $9M, was jointly led by Eleven Capital and Bienville Capital with participation from strategic investors LeFrak and A&E. In conjunction with the funding, Chad Pike, Eleven Capital’s Founder, joined Vero’s Board of Directors.
The company intends to use the funds to expand its centralized product offerings and grow the team. The new investment will be used to expand the team and fuel product growth.
Led by Lou Baugier, CEO and co-founder, Vero provides a leasing infrastructure platform for renters and owners. Designed to streamline and automate all operations, the system consolidates a broken leasing process in one single platform, making lease management easier and affordable for property managers while providing transparency and cost savings for renters. By combining each step of the leasing process into one centralized solution, Vero grants owners benefits including streamlined workflow, mitigated risk, and increased net asset value (NAV), while passing time savings and transparency onto their renters.
Current partners include LeFrak, Stonehenge, Alfred, and FirstService Residential, among others.