RentRedi, a property management software for landlords, has raised $12m in Series A funding, led by KI Investment Management.
The round also saw participation from TIA Ventures, Tribeca Early Stage Partners and RiverPark Ventures. To date, RentRedi has raised $17m.
Co-founded by a father and son team, Ryan Barone (CEO and CTO) and Ed Barone (CMO), RentRedi said it has seen accelerated growth in the last two years, despite external challenges in the real estate industry.
With features like mobile and web apps, automated rent collection, free listing syndications, tenant screening, maintenance, credit boosting for on-time payments, lease signing, and accounting, RentRedi has created and scaled its platform to support its 10K+ landlords and has partnered with ProPay, Realtor.com, TransUnion, REI Hub, and Latchel to create a better user experience.
Since 2020, the platform has added more than 10,000 actively subscribed landlords who manage 85,000+ properties. With this funding round, the company will scale its mobile-first technology and ultimately streamline the renting process for both landlords and their tenants.
Ryan Barone, CEO and co-founder of RentRedi, said, “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 modernising and revolutionising traditional practices, but we are opening doors to a better renting experience.”
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