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Funnel Leasing has secured $36.5 million in a Series B funding round led by RET Ventures to revolutionize the residential leasing process. The platform emphasizes a renter-centric approach, streamlining the rental lifecycle and enhancing efficiency for property teams. This funding will further support the development of tools that enhance the end-to-end renter journey.
Funnel Leasing, a renter-centric leasing platform, has successfully raised $36.5 million in a Series B funding round led by RET Ventures, a leading PropTech-focused VC firm. This funding round also saw participation from major players in the multifamily property sector, including Camden Property Trust and Morgan Properties. The investment is set to revolutionize the residential leasing process for multifamily operators, removing operational barriers and enabling centralized leasing operations across portfolios.
A Renter-Centric Approach
Funnel Leasing stands out in the property management sector with its unique renter-centric approach, placing the renter at the center of every interaction. This approach not only serves renters better but also establishes greater efficiencies for leasing teams. The platform streamlines every stage of the rental lifecycle, creating efficiencies for property teams and improving the process for renters through automation and added conveniences.
Comprehensive Product Suite
Funnel Leasing offers a range of products designed to enhance the leasing and communication process. These include:
- Engage: A robust lead management solution and CRM.
- Amplify: A virtual leasing agent operating across various communication channels.
- Convert: A suite of online leasing tools, including instant income verification.
- Signal: A syndication tool for major third-party ILS’.
The company is also set to launch new products focused on renter onboarding, resident portal, and retention.
Impressive Growth and Future Prospects
Since its inception, Funnel Leasing has experienced significant growth, now used by 17 of the NMHC Top 50, and has doubled its employee headcount. The Series B financing will support the development of new tools to complete the end-to-end renter journey. With this funding, Funnel Leasing is well-positioned to continue its trajectory of growth and innovation in the property management sector.
Funnel Leasing’s recent funding success marks a significant step forward in transforming the residential leasing process. With its renter-centric approach and comprehensive suite of products, the platform is set to create a more efficient, streamlined experience for renters and property management teams alike. The future looks bright for Funnel Leasing as it continues to innovate and grow in the property management sector.
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