RentRedi, a NYC-based provider of property management software for landlords, raised $12m in Series A funding.
The round was led by K1 Investment Management, with participation from TIA Ventures, Tribeca Early Stage Partners and RiverPark Ventures.
The company, which has raised 17m in total funding to date, intends to use the funds to expand operations and its business reach, and scale its mobile-first technology.
Co-founded by a father and son team, Ryan Barone (CEO and CTO) and Ed Barone (CMO), RentRedi is an all-inclusive landlord-tenant app that helps landlords go mobile and manage rentals from wherever, whenever. Through the platform and app, landlords can automate manual tasks such as rent collection, market new rentals, receive and manage maintenance requests, and more. For tenants, RentRedi makes it easy to apply for a property, pay rent and report property issues.
Since 2020, the platform has added more than 10,000 actively subscribed landlords who manage 85,000+ properties. With this funding round, the company will and ultimately streamline the renting process for both landlords and their tenants.