The SaaS News — Funnel Leasing Raises $32 Million in Series B-2

Funnel Leasing, a Tampa, FL-based Renter Management Software platform provider has raised $32 million in a Series B-2 financing.

SaaS Investors

The round was led by RET Ventures, with participation from Trinity Ventures and multifamily owner-operator co-investors.

Founded in 2017, RET Ventures is a venture capital firm based in Park City, Utah. The firm prefers to invest in companies operating in the real estate technology sector.

Funnel Leasing Use of Funds

The funding will be used to expand the company’s sales and marketing teams and further develop the platform. Funnel Leasing is the industry’s first RMS platform and has already gained adoption by major owners and operators in the multifamily industry.

About Funnel Leasing

Founded in 2011 by Caren Maio, Matt Raoul, and Mike O’Toole, Funnel Leasing offers a Renter Management Software (RMS) platform designed to address the challenges faced by property managers and owners, including rising costs and labor shortages. The platform prioritizes renters’ needs and offers complete enterprise-wide visibility, automation, and AI to delight renters and streamline processes for owners and operators. The company’s mission is to create the future rental experience and make the world a better place.

Funding Details

Company: Funnel Leasing Inc.

Raised: $32.0M

Round: Series B2

Funding Month: October 2023

Lead Investors: RET Ventures

Additional Investors: Trinity Ventures

Company Website: https://funnelleasing.com/

Software Category: Renter Management Software