PropTech platform Zibo said to raise $4.5m in funding

Zibo, a financial tools platform for landlords, has reportedly collected $4.5m in a fresh funding round, which brings its total capital raised to $15m.

Real estate-focused venture capital firm Camber Creek served as the lead investor, according to a report from Coverager. Other participants to the round included Canaan Partners, Khosla Ventures, QED Investors, and SVB Capital.

The FinTech offers a one-stop-shop for landlords, providing them with tools to organise their finances, simplify rent collection, manage cashflow, find insurance and streamline tax preparation.

It also claims to be the only company in the US to be dedicated to independent landlords. Clients can quickly get a quote for their properties.

Zibo CEO and co-founder Chris Hsu told Coverager, “While this milestone is exciting for our company, what’s more exciting is that fact that it proves landlords and renters trust Zibo as a secure, modern way to manage their finances.

“By offering a free platform designed for all of their unique financial needs, we’re delivering on our mission to level the playing field for independent real estate investors so they can save time, stay organized, and improve their cash flow.”

The company previously raised $10.5m in August 2020, with capital coming from QED Investors, Khosla Ventures and SVB Capital.

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