Bedly, the first platform to provide a network of end-to-end rental housing services, raised $2. 7M in venture capital to scale up its business The seed funding was led by Accomplice, with the participation of Founder Collective and several angel investors. Funding will be used to increase members (renters) and increase the inventory of housing in New York City and Boston, where Bedly has been in early release since mid-2016.
“Why are we still renting the same way we have for the last 100 years? The old way is out of date and makes no sense to the new generation of tenants. Bedly killed a 12-month lease, freed you from nonsense, like seeing the apartment in person, hooking up utilities and buying/moving furniture. Would you like to live in another neighborhood? Cool, pack your clothes and move in tomorrow. Leave this nonsense to us,” said Martin Greenberg, co-founder and CEO of Bedly. Since Bedly’s early release last year, more than 1,000 members have been provided housing through its platform.
Bedly members, primarily young professionals and students, have access to a network of apartments, shared rental housing and roommates. Members can search for a selection of units at the desired price and location and connect to Bedly’s concierge service to find compatible roommates. Members are free and encouraged to move around within the Bedly Property Network to find the perfect neighborhood, roommates, and apartments.
Rental terms are flexible and agreements can be easily executed via the platform. Bedly handles everything, including furniture, maintenance, utilities, and WiFi, which is standard in all Bedly housing. Move in is quick and hassle-free as the apartments are ready to move in; and Bedly only needs to assign a personalized security code for access to space through a digital lock.
Bedly doesn’t own an inventory of housing It has agreements with construction and condo owners and manages all day-to-day administrative, tenant communications and property management functions for them.
“The housing rental market has fallen out of touch with an increasingly mobile/on-demand company that wants simplicity. Bedly fixes that and delights both tenants and landlords in the process,” said TJ Mahony, Venture Partner at Accomplice. “Bedly has the potential to be the largest landlord in the world who does not own any buildings. “That’s right.
“Bedly is tackling a big problem in a large market with an innovative business model and technology Its platform has the potential not only to scale the business efficiently, but also to add new services and social functionality. We’re excited about the progress the team has made to date and its potential to create a new marketplace,” said David Frankel, Managing Partner, Founder Collective.
Quotations of the Member:
“There’s a lot of stress involved in apartment/roommate hunting, something could go wrong at any moment, and it could all fall through. With Bedly, you don’t have time to stress, everything you need is taken care of completely and quickly. “-Mia Moulon, a member of Boston
“Bedly is one of the companies that is changing the game. My entire housing process has been smooth, quick and easy, every step of the way. From searching, booking online to moving in, Bedly removed all the difficulties I had to deal with when it came to traditional housing. “-Richel Reynders, Member of New York
Citation of the Landlord:
“Bedly is an innovative space player and has been an excellent partner. They are completely trustworthy, reliable and professional. We’re going to work with them whenever we can “-Jay Bisognano, Properties of Torrington
About the bedly man
Bedly transforms the experience of rental housing in urban centers It is the first online platform for end-to-end rental services-from searching, finding roommates, defining flexible terms and executing agreements, through hassle-free movement in and out of business. It provides its members with a transparent, simple and fun experience; and it discharges the day-to-day marketing, administrative and property management functions of its landlord partners. Bedly has offices in New York City and Cambridge, Mass, and is financed by Accomplice and the Founder Collective. Visit the www site Beastly, Come on,
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