Cozy Raises $8.45M

What does Cozy do?

Cozy, is a rent management company which provides rent associated services and tools like collecting rent and online screening of tenants. This company makes renting easy for everybody. The company has great products for rental applications, rent payments and tenant screening. This company is the best method for renters and small landlords for getting things done. The company helps landlords in all 50 American states screen tenants, collect rent money online, check credit, both from mobile and desktop. The company offers its service for free for both tenants and landlords, but it does charge for background checks and credit reports. There are over a hundred thousand this company managed properties in 11,500 zip codes across the country, with over sixty thousand property landlords and managers using the service. This company grew by 900% in 2015, and has triples its business in 2016.

How much was Cozy funded?

Cozy raised $8.5M in Series B on August 30, 2016 from Stewart Butterfield, Seven Peaks Ventures, Social Capital, IT Calacanis, General Catalyst Partners,Daniel   Curran, Galvanize Ventures, ,General Catalyst Partners, American Family Ventures and Social Capital.

Previous funding

$1.5M on October 4, 2012 from i/o Ventures, GV, Social Capital, Jason Calacanis, Gary Vaynerchuk and Timothy Ferriss

$5M in Series A on October 15, 2013 from Social Capital

$3.37M in Series A announced on August 21, 2015 and closed on April 1, 2015 from Stewart Butterfield, General Catalyst Partners, Jason Calacanis, Galvanize Ventures,Social Capital, Daniel Curran, Seven Peaks Ventures and IT-Farm.

What is next for Cozy?

Cozy plans to use the latest funding raised for bringing peace of mind to property managers, renters and landlords everywhere. The funding will used for expanding the scope of the company’s offerings, for building out key new areas of the company. The company will also see profitability on the horizon, and its expectation is the latest funding will enable the company to be aggressive with its growth while still achieving its goal of long term sustainability. The company is soon to bring features such as document signing and storage, expense and income tracking and mobile applications.

More about Cozy

Cozy was founded on March 1, 2012 by Gino Zahnd and John Bragg. It has its headquarters in Portland, Oregon.