Ender, a new Austin-based real estate company with a platform aimed at streamlining the rental property management process, has raised $7 million in a seed round of funding.
Germany’s Global Founders Capital led the financing, which included participation from Tuesday Capital, LeFrak, HOF Capital, Cherubic Ventures, Circle Ventures, and other unnamed “VC funds and real estate groups.”
It’s a refrain that those of us covering real estate tech have heard over and over again. The group aims to help modernize an industry that is “stuck in the dark ages.”
Jason Mirra, Co-Founder and CTO of Ender, says he hasn’t seen “an industry so backward since govtech.”
The company’s goal is to help owners of rental homes more efficiently (i.e. digitally) handle day-to-day operations of property management such as maintenance requests, collect rent, show their properties and manage leasing applications. Basically, as Co-Founder and CEO Jon Lonsdale describes it, Ender aims to be “a cohesive platform [that] benefits property investors, tenants, and vendors by simplifying leasing, payments, accounting, and communication” in one place.
“We knew we could build better software than what’s out there but it needed to integrate directly with [existing] operations and vendors,” Lonsdale (who happens to the brother of Palantir Co-Founder Joseph Lonsdale) explained.
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