Funnel Raises $14 Million, Adds 250,000 More Units
New York, NY – November 13, 2020 Funnel, formerly known as Nestio, has announced the completion of a strategic fundraise totaling more than $14 Million.
The latest round of funding was led by RET Ventures, with participation from other top investors including Trinity Ventures and Camber Creek. This new funding will primarily be used to increase talent density at Funnel as well as launch multiple new products in the immediate future.
“We are immensely proud to be a part of the innovation engine that RET Ventures has brought to multifamily. Adding RET, and their unmatched network of LP’s, to our team has allowed us to break through the barriers which have historically impeded disruption in apartment technology,” stated CEO Tyler Christiansen.
In addition to this funding, Funnel has announced another astounding growth period — adding 250,000 units from the multifamily industry’s largest and most innovative operators. This impressive measure comes in addition to Cortland & Essex Property Trust being announced as marquee clients earlier this year.
“Funnel’s ability to automate the renter journey was a critical tool for several RET Ventures Limited Partners in the quarantine-induced transition to self-service leasing,” said John Helm, Partner and Founder of RET Ventures. “We assessed the entire CRM category and found the Funnel solution to be uniquely suited for our LP group, which skews towards large owned and operated portfolios – our LPs have been very pleased with the company’s responsiveness and product.”
Funnel is hiring across all departments to accelerate its national expansion efforts and champions an inclusive, diverse workplace. To find out more, please visit funnelleasing.com and the company’s LinkedIn page.
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About Funnel. Funnel, formerly known as Nestio, is the industry-leading marketing and leasing platform for multifamily owners and managers. Backed by top investors from Silicon Valley and the real estate industry, Funnel is on a mission to transform the rental experience by building technology that streamlines the apartment marketing and leasing process, enabling multifamily professionals to generate more profits, efficiency and insight across their portfolios. To find out more, visit funnelleasing.com.