Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
News
Store
Resources
Contact Us

 

 

 

News

 

Venture Capital Database 2017 Now Available!

Mynd Secures Additional 5 Million in Funding Led by Lightspeed Ventures

Barry Sternlicht Joins as Angel Investor

OAKLAND, Calif., October 12, 2017-- Mynd, a tech-enabled property management company with an industry first real-time data management and mobile app, announced today that it has secured another 5 million dollars in venture backing led by Lightspeed Ventures, with re-investments from Canaan Partners and Jackson Square Ventures. Also participating in the round is Barry Sternlicht, Chairman and CEO of Starwood Capital Group. This brings the company's total venture backing to date to 15.6 million dollars.

"With this additional capital from our investment partners, we will continue our rapid expansion into new markets with a continued focus on delivering a better service to property owners and their residents," said Chairman and CTO Colin Wiel.

"We're thrilled that our former Chairman at Starwood Waypoint, Barry Strernlicht, a longtime partner and mentor, has joined our team as an investor," said CEO Doug Brien. "Barry's belief in our vision is a huge validation for our business."

Mynd is reinventing the multi-family residential market by providing property management services through their homegrown software and experienced operating team. Founded in 2016, Mynd is one of the fastest growing mid-cap property management companies in the U.S. The Mynd portfolio of over 1,100 units began in the Bay Area and has extended into the San Diego market with the acquisition of Pacific Shore Management.

"Mynd has designed a technology platform and assembled an experienced operating team to address the inefficiencies in the market," said Will Kohler from Lightspeed Ventures. "We are excited to be working with the team to address what we believe is a big opportunity to reinvent and propel the residential rental market."

About Mynd

Mynd is a technology enabled platform that provides full-service property management for residential buildings, 50 units and smaller. Mynd's technology-based approach to property management brings greater efficiency to property owners and managers, by combining real-time data and transparency to users. Headquartered in Oakland CA, Mynd was founded by partners Doug Brien and Colin Wiel, both experts in the real estate and tech industries. Mynd is backed by Canaan Partners, Jackson Square Ventures and Lightspeed Partners. To learn more, please visit: https://www.mynd.co

Contact:
Press Contact:
Jen Colton
415-420-5516
jen.colton@mynd.co


News Index

Venture Capital Database 

 

 NEWS

Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

VC Tools

VC Pitch
Private Placement Memorandum

Business Plan Tools

Free Business Plan Template
Business Plan Tools

 

 

Copyright © 1998-2017 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer