Technology

Nestio closes $1.5 million financing round

Rental-tech company intends to use funding to expand new listings management system

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Rental-technology company Nestio has closed a $1.5 million financing round that the company says will enable it to develop and expand Nestio Listings, a recently launched real-time listings management system that enables a property manager to update listings, display those listings on a public-facing website, and disseminate them to brokers. Nestio said the financing round was led by Joanne Wilson, with participation by strategic angels, investors with real estate industry experience, and seed/micro venture capital funds. Investors include David Tisch, Jerry Colonna, David Cohen, Rick Webb, Greg Barton (founder of MenuPages), Stuart Litwin (co-founder of SureDeposit), Lazerow Ventures, Quotidian Ventures, Ludlow Ventures, Scout Ventures, Meridian Development Partners and Narbona Hill Corporation. Nestio touts Nestio Listings, which currently serves only New York City landlords and property managers, as a first-of-its-kind solution to the often-chaotic business of managing rental ...