Property management company Great Jones has collected $8m in its Series A funding round led by Crosslink Capital.
Participation to the round also came from Juxtapose and a selection of New York City real estate and technology entrepreneurs including Floored founder Dave Eisenberg, Seamless founder Jason Finger, and entrepreneurs Kevin Ryan and David Rosenblatt.
New York-headquartered Great Jones offers residential property management services, utilising both local teams and technology solutions to support landlords. Launched in 2017, the company currently operates within Florida, but is hoping to launch in additional US states over the next three years.
The platform supports all property renting processes such as marketing, tenant screening, rent collection, issue resolution, maintenance, lease renewals and financial reporting, among others. Great Jones’ solution automatically collects rent payments, online payments, checks, and cash, to support both landlord and tenant.
Capital from the investment will be used to boost the expansion of its technology, services and its property management teams. Great Jones is also looking to invest in customer acquisition within its current and future markets.
Great Jones CEO and co-founder Jay Goldklang said, “We believe that by removing the friction associated with rental ownership and providing a more hands-off, modern solution, we can unlock this asset class and let more and more current and prospective owners make better investment decisions, unconstrained by logistics or geography.”
Last year, Crosslink took part in the $18m Series B funding round of mobile banking platform Chime. The company, which provides users with spending and savings accounts, and a debit card, hopes the investment will help it to launch new automated features.
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