Proptech Rentspree forms new partnerships across the U.S.

RentSpree, a Los Angeles proptech startup that provides rental management software, has expanded its list of partners. 

The Sherman Oaks-based firm will now work with multiple listing real estate services in Idaho, Kansas, Idaho and South Carolina, the San Fernando Valley Business Journal reported.

The new partnerships include multiple listing services Heartland, Intermountain, Resides and the Rhode Island Association of Realtors.

RentSpree, founded in 2016, provides software to allow landlords to screen tenant applications and process rent payments. It claims to have served more than 1 million users in the U.S., while partnering with more than 250 real estate groups, multiple listing services and brokerage firms.

The firm said it aims to “simplify and automate” the process of listing, leasing and managing properties. Its services will be fully integrated on all its new partners’ platforms to help cut down transaction time and boost profits.

The company can help with “anything from paying rent to touring spaces virtually,” Michael Lucarelli, CEO of RentSpree, said in a statement. “By collaborating with the organizations that support those who can service the rental segment, we can ensure that their members have easy access to the best tools in the market.”

Last August, RentSpree raised $17.3 million in a Series B funding round led by San Francisco-based financial tech investor Green Visor Capital. The funding came 13 months after  Rent Spree raised $8 million in Series A financing, according to Crunchbase.

The California Association of Realtors, Rally Ventures, Venture MLS, Gaingels, KEC Ventures and ECG Research also contributed to the fresh capital pool.

Since last fall, many property tech firms dependent on heavy homebuying volume have laid off workers and lost loads of cash. 

Even startups that survived the proptech apocalypse have struggled to fundraise as investor interest wanes.

— Dana Bartholomew