Startup City Magazine

Nestio Beckons' Angel Round, Raises $1.5M

Online real estate platform, Nestio has raised $ 1.5 million in angel round of funding. This round of funding was lead by angel investors such as David Tisch, Jerry Colona, David Cohen, Rick Webb, Greg Barton, Stuart Litwin, Lazerow Ventures, Quotidian Ventures, Ludlow Ventures, Scout Ventures, Meridian Development Partners, and Narbona Hill Corporation along with Joanne Wilson as reported by Jordan Crook of Tech Crunch.

Nestio is an online portal that helps users to find rental homes in New York City. Any person who is new to the city can seek help of the portal, to know about houses or flats available for rent.

CEO and Founder, Caren Maio says, “we have an incredible group of people in our corner and we’re very proud and fortunate to call them our investors. We have a long way to go as a company, but we couldn’t be more excited about this next leg of the journey. The entire team is ready to continue executing on this mission, delivering modern and intuitive technology to an industry that’s ready for transformation.” As reported by TechCrunch.

The latest round of funding will lead to expansion of the company, i.e. expansion on the basis of employees, coverage in the NYC market and ability to reach out to new consumers. Above all, the company also reaches out to landlords and agents, providing in depth knowledge for consumers for detail information about the real estate portal. The company already has a resource of $818K. This additional funding will serve as a boon for the company to provide better services to the company.

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