Real estate platform Nestio raises $four.five million – TechCrunch

Real estate platform Nestio is getting new investment because it continues to extend its footprint past New York City into different massive U.S. markets. The startup’s device offers actual estate house owners and executives a hub to deal with such things as leasing and advertising and marketing.

The spherical, which they introduced lately, was once led via Camber Creek and Trinity Ventures, with participation from different actual estate companies, together with Rudin Ventures, Currency M, The Durst Organization, LeFrak Ventures and Torch Venture Capital. The startup has raised round $16 million up to now.

Nestio is build up its unit rely in new markets, together with Boston, Chicago, Houston and Dallas, and is looking for to extend operations with current shoppers in NYC. The startup says that it’s grown the quantity of gadgets on its platform via 250 % previously 12 months.

“We now have hundreds of thousands of listings on the platform that people are now managing,” Nestio CEO Caren Maio instructed TechCrunch. “Part of that growth is net new logos, but also expansion. So we’ve seen a lot of growth — particularly in New York — although I think the same behavior will replicate itself once we have some longevity in some of those other cities.”

The corporate says they’re going to use this new capital and strategic partnerships to “deliver advanced leasing and marketing solutions even faster.”

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