This startup is trying to make renting more safe — and just scored Series A funding

CheckpointID’s round was led by RET Ventures

National /
Jan.January 16, 2019 04:55 PM

CheckpointID CEO Terry Slattery (Credit: PRLOG and iStock)

A startup seeking to do away with rental fraud just closed on a Series A funding round.

CheckpointID raised $1.5 million in a round led by RET Ventures, the company said in a statement. The capital will be used to grow the team as the firm seeks to meet increased demand from the multifamily industry.

CheckpointID is an identity verification service that multifamily owners and operators can use with customers for apartment tours and move-ins. The platform allows apartment managers to scan IDs and determine whether they can be verified. The company said its product helps with both safety as well as aggregating demographic information from tours.

The platform had more than 125,000 units in December.

“Three percent of all apartment tours begin with a forged ID, which allows potential renters to hide everything from bad credit to a criminal history,” CEO Terry Slattery said in the statement. “This endangers not only the touring agents, but also everyone living in the entire multifamily property.”

RET Ventures is an early stage venture capital firm focused on “rent tech.” It has invested in other companies including Moved, a concierge service for moving, and SmartRent, which provides smart home automation for property managers and tenants.

Other startups in the rental space include Rezi, which has sought to strike deals with New York landlords to rent out vacant apartments, and Nestio, which offers AI and analytics to help landlords and brokers manage inventory.


Related Articles

arrow_forward_ios
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
A photo illustration of Vishal Garg, chief executive officer, Better.com (Better.com, iStock)
Better.com CEO returns to role after Zoom layoffs controversy
Better.com CEO returns to role after Zoom layoffs controversy
Milo Founder and CEO Josip Rupena (iStock, Milo Credit)
Crypto-rich but can’t buy a home? Now you can
Crypto-rich but can’t buy a home? Now you can
From left: Ben Conry and Blair Chenault, co-founders, Flashtract (Flashtract, iStock)
Construction payments startup Flashtract closes $15M Series A
Construction payments startup Flashtract closes $15M Series A
Noam Ben-Zvi, chief executive officer, Placer.AI (Placer.AI, iStock)
Location data firm Placer.ai hits unicorn status with $100M Series C
Location data firm Placer.ai hits unicorn status with $100M Series C
From left: Sharad Rastogi, president, JLL Technologies and Zachary Denning, chief executive officer (JLL Technologies, Hank, iStock)
JLL buys cloud-based building management platform Hank
JLL buys cloud-based building management platform Hank
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...