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Nooklyn raises $825k seed funding

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Nooklyn (nooklyn.com), the real estate tech startup that makes finding apartments and roommates easy, today announces the close of a $825k seed investment round. Patoma, a firm specializing in Brooklyn multi-family development and early stage tech investments, led the investment. The round included other real estate developers and family offices that specialize in multi-family development across United States. Prior to this round, Nooklyn was bootstrapped for the past 5 years as profitable rentals startup in Brooklyn.

The investment will accelerate Nooklyn’s software development to make finding an apartments or roommates in NYC easier and safe. The company will expand its engineering, design, and data teams to build an end-to-end digital leasing product for renters, roommates and property owners. The funding will also enable the company to expand into Manhattan, the largest real estate market in the United States.

Since launching the platform in 2015, Nooklyn has helped 25k renters move, processed $40m in rental payments, and has over 250 real estate agents working exclusively for the startup. 49k renters use the Nooklyn platform every month.

“Our mission is to fix the experience of finding apartments,” said Harley Courts, CEO and co-founder of Nooklyn. “We’ve found great people who share our mission and the desire to build a lasting company.” Moiz K. Malik, CFO at Nooklyn added, “We’ve spent the last two years building a digital leasing platform, now we’re going to start opening up the platform, so anyone can post an apartment or room and find renters or roommates.”

Following the launch of Rooms & Mates, a social network for roommates, Nooklyn has launched: Nooklyn Apply, an easy and transparent way to secure an apartment, Nooklyn Pay, a digital payments platform, and soon, Nooklyn Stay, a convenient way to pay your monthly rent online.

About Nooklyn:

Nooklyn (nooklyn.com) was founded in 2010 as a daily blog to help renters find apartments and rooms. Nooklyn’s first product, Rooms & Mates, is the leading roommate finder in Brooklyn. Since 2015, the company has helped over 25k renters move, processed $40m in rental payments and hired 250 real estate agents, and is now the largest Brooklyn rentals company.

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