Chicago-based Avail raises $2.5M in funding round led by Cultivation Capital

Avail, an end-to-end online platform that streamlines the rental process for do-it-yourself (DIY) landlords and their tenants, announced on Tuesday a $2.5 million funding round led by Cultivation Capital, a St. Louis-based venture capital firm. Avail has raised $5.4 million in funding to date. The funding comes on the heels of a period of significant…

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Avail, an end-to-end online platform that streamlines the rental process for do-it-yourself (DIY) landlords and their tenants, announced on Tuesday a $2.5 million funding round led by Cultivation Capital, a St. Louis-based venture capital firm. Avail has raised $5.4 million in funding to date.

The funding comes on the heels of a period of significant growth for Avail. Over the past 18 months, Avail has increased revenue four-fold, quadrupled the number of landlords and more than doubled the number of tenants using the online platform.

Avail will use the new round of funding to continue growing its community of landlords and tenants, specifically by expanding existing resources and teams that impact signups, demand generation, and platform growth.

“There are 8 million independent landlords leasing 24 million units across the U.S. and they lack the experience, knowledge, and tools necessary to make the rental process easy and efficient for themselves and their tenants,” said Ryan Coon, CEO of Avail. “This round will help us connect with even more landlords and their tenants so they can continue benefiting from our community.”

Avail provides the tools, education, and support needed to save landlords and their tenants time and money during the rental process:

  • For landlords: Avail brings together everything DIY landlords need into one mobile and online platform so they can more easily and efficiently manage properties, including marketing, applicant screening, state- and city-specific lease agreements, payment processing, and maintenance request tracking.

  • For tenants: Avail offers an easy way to apply to rentals, sign leases, pay rent, and submit maintenance requests – all online or from their mobile device.

“We’ve enjoyed being a part of the Avail success story from the very beginning and fully support their decision to raise funds strategically,” said Cliff Holekamp, General Partner at Cultivation Capital. “We are excited to be a part of the continued growth of Avail in the rental industry.”

For more information about Avail, visit www.avail.co.

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