HomeMe, a US mobile app that pre-approves renters for apartments, has raised $3.2 million in seed funding. The round was led by Menlo Ventures, a top Silicon Valley venture firm which has invested in companies like Uber, Tumblr and Dropcam.
Additional funding came from 2M Companies (Family office of Morton H. Meyerson) as well as other leading technology investors. The investment will accelerate market expansion and product innovation.
Launched earlier this year, Los Angeles-headquartered HomeMe promises to make the “daunting rental process” more efficient and less stressful by only showing users apartments they are pre-approved to rent, while also eliminating application fees. Upon download, users are prompted to input their annual income and social security number for a soft credit check, and are then shown the apartments they are pre-approved to rent.
HomeMe was co-founded by serial entrepreneur and Silicon Valley executive Mark Douglas, who is also CEO of SteelHouse, a $100 million per year ad-tech company. He co-founded the business with vice president of marketing Lindsey Holland, an 11-year veteran in the property management industry.
Mark Douglas said:
“Renting an apartment can be frustrating and we created HomeMe to streamline this process for apartment seekers and property managers alike.
“We are connecting property management companies with pre-approved renters so it’s a value for both parties. With this funding, we look forward to continuing to build a great product.”
Learn more about HomeMe by visiting its website here.