New York City-based Stoop, a flexible living platform and Mdrn., an end-to-end residential platform for sales and leasing, announced they have just finished raising over $1 million in funding.
Stoop and Mdrn. are complementary firms with the same goal: bring the residential marketplace to the NYC renter. Mdrn. is a traditional residential sales and leasing marketplace, while Stoop offers clients a more flexible housing platform-giving renters access to the residential bedroom and apartment market for terms up to 12 months.
The firm’s investors are a combination of high net worth real estate investors and families, as well as investors affiliated with the venture/tech ecosystem.
“The capital will enable both companies to expand on their core real estate operations and technology infrastructure,” explains Zach Ehrlich, the firm’s founder. “This includes Stoop’s portfolio of turnkey, thoughtfully designed living spaces, as well as Mdrn.’s existing sales and leasing operations.”
For more information, visit mdrnresidential.com.