New York-based property management software for landlords RentRedi raised USD 12 million in the Series A round of funding on April 13, 2022. Leading investment firm K1 Investment Management led the funding for RentRedi. K1 Investment Management focuses on high-growth enterprise software companies globally.
Meanwhile, the round saw participation from TIA Ventures, Tribeca Early Stage Partners and RiverPark Ventures.
Purpose of Funding for RentRedi
The property management company will scale its hyper-growth, mobile-first technology with the latest funding round. It will ultimately streamline the renting process for both landlords and their tenants.
So far, RentRedi has raised USD 17 million, including the current funding round.
What the founders have to say
“RentRedi is excited to partner with K1 on our mission to help alleviate the stress often felt by landlords and their tenants while also strengthening their relationship. By bringing our technology to landlords and tenants across the country, RentRedi is not only modernizing and revolutionizing traditional practices, but we are opening doors to a better renting experience,” said Ryan Barone, chief executive officer (CEO) and co-founder of RentRedi.
He further added, “Landlords and tenants deserve forward-thinking, efficient resources. Whether you manage one property or 100, RentRedi is designed to automate tedious manual property management tasks and is proud to lead the charge in tackling the common obstacles within our evolving industry. The platform was born from our own renting experiences, which is one of the reasons why RentRedi is the best platform to help landlords streamline their business processes.”
Explaining the use of recent funding, he said, “From a technology standpoint, it’s automating processes and partnerships that ultimately allow for a landlord to have all of the oversight, without necessarily all of the work. How can we automate as much of the manual tasks as possible but still have you be in complete control with complete transparency over it? I say it for the landlord side, but it also applies to the tenant side. A lot of focus is on continuing to automate and streamline the rental process to make things easier for landlords and their tenants.”
What the investor has to say
Taylor Beaupain, the Managing Partner at K1 Investment Management, said, “RentRedi offers landlords and tenants an easily accessible all-in-one software platform – an essential solution in today’s fast-paced, ever-changing real estate industry. K1 is excited to support Ryan, Ed and the RentRedi team on their journey to revolutionize renting on both sides of the lease.”
What the users have to say
“RentRedi is investor-friendly property management software for any size real estate investor. Their customer service and pricing is a big win for independent landlords,” said Dawid Yhisreal-Rivas, an independent landlord, user of RentRedi for over three years. “The creativity and velocity at which the platform continues to grow means they can offer progressive tech that puts them far above the industry standard.”
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