Market Overview

TurboTenant Raises $2.2 Million in New Funding Round


TurboTenant Raises $2.2 Million in New Funding Round

Product and Marketing Acceleration, Staff Growth Planned

PR Newswire

FORT COLLINS, Colo., Sept. 4, 2018 /PRNewswire/ -- TurboTenant, the industry-leading free internet platform for tenants and landlords, raised $2.2 million in new funding. The funding round was led by Kirk Holland of Access Venture Partners in Denver, Colorado.

"We have game-changing features planned and we are excited to now have additional capital to make the rental process easier and faster for millions of landlords and renters," said Sarnen Steinbarth, TurboTenant Founder and Chief Executive Officer.

New investors in TurboTenant include:

  • Service Provider Capital, an early stage venture fund
  • Michael Beaudoin, co-founder of HomeAdvisor
  • Karl Sowa, former CMO of HomeAdvisor

In line with TurboTenant's mission of helping landlords and property managers bring the rental process into the twenty-first century, capital raised will be used to accelerate product and marketing efforts and build out a larger team of employees.

TurboTenant leads the independent landlord industry in cutting-edge software aimed at assisting landlords and tenants across the United States with online applications, multiple listing marketing, tenant reports, tenant rental insurance and more.

Over 20 million independent landlords work throughout the United States, many of them relying on antiquated systems involving hand-written index card records, simple spreadsheets, and posting one by one on rental listing services. It is an industry ripe for modernization and disruption, which TurboTenant provides by building the tools that landlords need in an extremely simple user interface.

TurboTenant provides a simple, intuitive front end to the rental process, including placing listings on multiple rental sites and helping potential tenants find the rental properties that fit their needs. The number of landlords using TurboTenant has tripled in just over a year. More than 100,000 landlords in all 50 states use TurboTenant and over 1 million tenants have used TurboTenant to find a home.

TurboTenant allows you to rent smarter and takes the hassle out of being a landlord. It features rental marketing, online rental applications, tenant screening, renters insurance, tenant management and communication, as well as landlord forms and education. It's landlording made easy, and best of all it's free for landlords.

Media Contact: 
Andrew Evans
Phone: 719.966.7368 ext. 6

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SOURCE TurboTenant, Inc.

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