Real estate platform Nestio raises $4.5 million
Real estate platform Nestio is getting new funding as it continues to expand its footprint beyond New York City into other large U.S. markets. The start-up’s software gives real estate owners and managers a hub to handle things like leasing and marketing.
The round, which they announced yesterday, was led by Camber Creek and Trinity Ventures, with participation from other real estate firms, including Rudin Ventures, Currency M, The Durst Organization, LeFrak Ventures and Torch Venture Capital. The start-up has raised around $16 million to date.
Nestio is building up its unit count in new markets, including Boston, Chicago, Houston and Dallas, and is seeking to expand operations with existing customers in NYC. The start-up says that it’s grown the amount of units on its platform by 250 percent in the past 12 months.
The company says they will use this new capital and strategic partnerships to “deliver advanced leasing and marketing solutions even faster.”