Technology

Cozy, rental management site for citizen landlords, raises $5M

Startup now helping 2,000 small landlords in 500 US cities manage payments and tenant paperwork

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Cozy, a property management platform for those who happen to be landlords in addition to having other careers, has raised $5 million in a Series A investment round. The San Francisco-based startup launched in June as a rent payment and tenant screening platform and is now helping approximately 2,000 small-time landlords in 500 U.S. cities manage the payments and tenant paperwork for their properties, said Cozy's CEO and co-founder, Gino Zahnd. General Catalyst Partners, with participation from The Social+Capital Partnership, led the funding round for Cozy. Neil Sequeira, managing director at General Catalyst Partners, has joined Cozy’s board of directors. "The Cozy team has built a unique 'software as a service' platform that saves landlords and tenants money, time and headaches,” Sequeira said in a statement. “We invested in Cozy because we believe their platform is well positioned to continue its remarkable growth of adoption within a massive market opportunity.”...