TurboTenant, a Fort Collins, Colorado-based free online platform for tenants and landlords, raised $6.5m in Series A funding led by Real Estate Technology Ventures, as reported by FinSMEs.
The three-year-old start-up was founded by Sarnen Steinbarth and employs 18 workers in Fort Collins with plans to add up to 15 more positions in the next year, according to the Coloradoan.
“We have deep customer insights and data that help us innovate and expand our product offerings based on demand and value. Our goal has always been to use technology to revolutionize the rental process. The influx of capital will help accelerate that process,” Steinbarth said in a statement.
“TurboTenant caught our attention because of its uniquely powerful software for independent landlords and tenants,” said RET Ventures Managing Director John Helm. “The company delivers an incredibly valuable online suite of landlord tools to a historically underserved segment of the independent landlord market, which has made it one of the fastest growing rent tech companies in the market today. We hope to help them continue their rapid growth and expansion into the multifamily industry, cementing their leadership position.”
