RentRedia New York-based provider of property management software for landlords, raised $12 million 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 $17 million in total funding to date, intends to use the funds to expand its operations and market 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 anywhere , whenever. Through the platform and app, landlords can automate manual tasks such as collecting rent, marketing new rentals, receiving and managing 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 over 10,000 actively subscribed owners who manage over 85,000 properties. With this funding round, the company will ultimately streamline the leasing process for landlords and their tenants.