Moderne Ventures

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Residential sale-leaseback platform EasyKnock continues to gobble up proptech startups. Home maintenance company Onder is EasyKnock’s latest acquisition, according to GeekWire, which first reported the story.

The terms of the acquisition were not disclosed.

Founded in 2021, Onder sells a subscription-based home maintenance service that deploys technicians to help with both interior and exterior property maintenance. Customers can request help for HVAC cleaning, plumbing, painting, power washing, gutter cleaning, and roof repair, and it covers more than 100 homes.

Onder raised an undisclosed amount of venture capital including a pre-seed round led by Rackhouse Ventures in 2021, but in late 2022, as the housing market slowed and economic uncertainty rose, the flow of venture capital funds slowed.

“The venture capital environment continued to be a headwind and we had been operating with very little margin for error,” David Krieger, the CEO and co-founder of Onder, told GeekWire in an email. “[S]o when we evaluated the landscape with our advisors, it just made sense to include mergers and acquisitions as an attractive path forward.”

Krieger said customers will not experience an interruption in their service due to the acquisition.

Through the acquisition, Onder’s services will be offered to EasyKnock’s customers. In a statement, EasyKnock said the acquisition is part of its larger goal of creating the “first nationwide property maintenance platform for homeowners.”

Kreiger and Onder’s employees (numbering fewer than 10) will join EasyKnock, and Kreiger will serve as EasyKnock’s chief product strategy officer.

EasyKnock received $57 million in venture capital last year. Investors included Blumberg Capital, Gaingels, Moderne Ventures, QED Investors, Viola FinTech, and Zillow founder, Spencer Rascoff’s venture firm 75 & Sunny.

In May, EasyKnock acquired struggling power buyer firm Ribbon for an undisclosed amount.

Source: housingwire.com

Apache is functioning normally

To the tech founders reading, applications are now open for the Moderne Passport 2020 Class…

The Moderne Passport Program is a industry immersion program which connects cutting-edge technology companies to multi-trillion dollar industries: real estate, finance, insurance, home services and hospitality – industries that make up over 20% of the US GDP and are ripe for innovation and growth.

Moderne Ventures operates the Moderne Passport program and provides its 700+ investors, partners and executives within its Moderne Network first look at technologies that are creating game changing applications into the industry.

The Moderne Passport is a seven month industry immersion program that provides:

  • Strategic go-to-market segmentation, planning and advice
  • Active mentorship from the 700+ Moderne Network executives (>1,000 one-on-one meetings were held through the Passport program last year)
  • Targeted Pilot programs with partners in the Moderne Network
  • Exposure at major industry trade shows and invite-only corporate events to showcase participants’ innovative solutions.

The Moderne Passport is reviewing applications now for its 2020 Class. The deadline is November 15th.

Interested?

Apply Now

Source: geekestateblog.com

Apache is functioning normally

At the end of April, Moderne Ventures announced their 2021 Passport Class. Over the next 6 months, each company in the class will receive an industry emersion experience led by Moderne’s team. Geek Estate is about celebrating entrepreneurship, focused on real estate tech (both residential and commercial) and Moderne Venture’s involvement is significant in establishing a global prop-tech ecosystem. This newly announced class has raised over $32 million and has valuations of over $230 Million.

The seven companies selected for the program include:

  • JoyHub – Culver City, CA: An AI-driven platform providing data aggregation and actionable business intelligence to professional rental property owners and operators.
  • Kaiyo – New York, NY: A full-service marketplace for gently-used furniture committed to great design, exceptional customer care, and a more sustainable planet.
  • Peek – New York, NY: An end-to-end solution for virtual-first leasing. The Peek platform combines advanced analytics, content management, integration, and marketing tools.
  • Piñata – New York, NY: A rent payment platform that allows residents to earn rewards for on-time payments while also increasing their credit.
  • MotoRefi  – Arlington, VA: Transparent autorefinancing. MotoRefi helps car owners save up to $100 per month on their car payments.
  • Tailorbird – Princeton, New Jersey: Tailorbird saves property owners time and money by using technology to generate instant construction quotes and bid out jobs to preferred contractors.
  • Trash Butler  – Tampa, FL: Doorstep trash & recycling, powered by  customer service for property owners and operators.

Please join us in congratulating the 2021 Moderne Ventures Passport Class!

Source: geekestateblog.com