Nomad, a Denver, CO-based proptech startup, raised $20M in Series A funding.
The round was led by Silicon Valley Bank Capital, with participation from Kickstart Fund, Peterson Ventures, and Range Ventures.
The company intends to use the funds to hire new people, expand its geographical footprint to up to 10 new markets in the next 24 months and continue to invest in its technology.
Led by CEO PJ O’Neil and Matt Thelen, Nomad provides a marketplace serving small-time rental property owners with guaranteed rent. Its guaranteed rent offering eliminates risk while helping property owners maximize their income. Nomad’s resident rewards program currently offers flexible leases, opportunities to build credit and save when buying their first home, along with a 24/7 personal concierge.
The first expansion will be this spring to Raleigh, North Carolina. The company has larger plans for US expansion in 2022 and 2023. Nomad is hiring across all teams to support expansion into additional markets and the development of new product offerings. It plans to hire more than 50 people in 2022.
FinSMEs
18/02/2022