TurboTenant, a free platform for landlords that includes rental marketing, online rental applications, tenant screening, renters insurance, tenant management and communication, is planning to grow thanks to some newly raised funding.
The company announced this week that it raised $2.2 million in funding.
The free platform for renters and independent landlords, garnered new investments from Service Provider Capital; Michael Beaudoin, co-founder of HomeAdvisor; and Karl Sowa, former CMO of HomeAdvisor.
According to the TurboTenant release, Kirk Holland of Access Venture Partners led the funding round.
TurboTenant says it plans to use the new capital to expand its team and marketing efforts as well as pour some gasoline on product development.
"We have game-changing features planned and we are excited to now have additional capital to make the rental process easier and faster for millions of landlords and renters," TurboTenant Founder and CEO Sarnen Steinbarth said in a statement.
According to its release, the number of landlords using TurboTenant has tripled in just over a year. So far, more than 100,000 U.S. landlords use the platform and over 1 million tenants have used the platform to find a rental home.
