TenantBase, a tech-powered real estate startup with offices in Santa Monica and Irvine, announced a $10.7 million funding this morning as the company prepares to onboard engineers and extend its services to new cities.
Founded in 2014, the TenantBase platform offers small and medium-sized business owners — traditionally an underserved market in commercial real estate — tools to find the right office space in their location of choice.
There are huge inefficiencies and frustrations for both tenants and landlords related to leasing small spaces.”
“There are huge inefficiencies and frustrations for both tenants and landlords related to leasing small spaces,” said co-founder and CEO Bennet Washabaugh in a statement. “Landlords want to work with credible tenants that understand the process and our TenantBase brokers guide clients of all experience levels through the process to get more deals done. We are excited to expand our service offering to new markets in 2018 and beyond.”
The round was led by Stonecutter Investors LLC, an affiliate of NYC-based Stonecutter Capital, and included participation from existing investors. To date, the company has raised $18.9 million.
