Cozy closed another round, bringing their total investment to $9.8 million.
BY JACOB PALMER | DIGITAL NEWS EDITOR
Cozy closed another round, this one for $3.4 million, which brings its total investment to $9.8 million.
The company's founder and CEO Gino Zahnd said he plans to expand hiring with the money.
“We designed Cozy for independent rental owners and tenants, but the simplicity and efficiency of our tools has garnered attention from industry professionals as well, and we have quickly been pulled upstream this year,” Zahnd said. “The next period of time will be spent addressing the headaches property managers deal with, and we’ll do it in equally elegant ways.”
Cozy, which originally launched in San Francisco but re-located its HQ to Portland in 2013 because it was easier to hire engineers, currently employs 20. Zahnd said the team will grow by 20 percent this quarter.
“We’ve seen a clear inflection point with growth and revenue over the past year, and are putting everything we have into growing the business and releasing new products and features,” he added.
Cozy is available for landlords nationwide. It streamlines the vetting of tenants — including checking credit — as well as rent collection.
Dino Vendetti, of Seven Peaks Ventures, is now a Board Observer after the investment.