withco, a NYC-based commercial property ownership platform for small businesses, raised over $30 million in equity funding.
Lead investors are Canaan, Founders Fund, Initialized Capital, and NFX. Participants included Danny Meyer’s Enlightened Hospitality Investments, LENX (Lennar’s venture arm), Ken Chenault, Thirty Five Ventures, Venus Williams, Will Smith’s Dreamers VC, BoxGroup, Not Boring Capital, Quiet Capital, and the founders and CEOs of Affirm, Carta, DoorDash, Faire, Hippo, Invitation Homes, Opendoor, Plaid, and more.
The company will use its funds to invest in its platform, launch new markets, and build partnerships with leading brokers and developers. withco is actively raising deal capital and hiring across its team.
Founded by Kevin Song in 2019, withco is a commercial property ownership platform which offers small business owners a lease-to-own product and uses data to programmatically purchase properties. withco is focused on purchasing occupied small business properties that cost less than $5 million across the United States with focus markets in the Southeast, Midwest, and Texas.
FinSMEs
03/02/2022