- Other backers include Rally Ventures, the California Association of Realtors, Venture MLS, ECG-Research, KEC Ventures, Gaingels, 645 Ventures and Vesta Ventures
- Company has raised nearly $28m to date
- New fFnding will be used to expand RentSpree’s product offerings
RentSpree, a Los Angeles-based rental management software provider, has closed on $17.3 million in Series B financing. Green Visor Capital led the round with participation from other backers, including Rally Ventures, the California Association of Realtors, Venture MLS, ECG-Research, KEC Ventures, Gaingels, 645 Ventures and Vesta Ventures.
The company has now raised a total of nearly $28 million. The new funding will be used to expand RentSpree’s product offerings for both renters and agents and for strategic partnerships.
“We recognized a marked shift toward renting that has been years in the making,” Michael Walsh, a general partner at Green Visor Capital, said in a statement. “That transformation has only accelerated over the last 24 months. RentSpree is well-poised to continue leading the industry through these changing dynamics due to its partnerships, product innovation and momentum.”
To date, RentSpree has partnered with more than 250 MLSs, real estate associations and brokerages to serve more than 1 million users in the US.
Green Visor Capital invests in technology to solve substantive issues in financial services. The venture firm launched in late 2013, and its general partners include Joe Saunders, the former chairman and CEO of Visa.