About Funnel
Funnel is a company based in New York (United States) founded in 2011. It operates as a SaaS (Software-as-a-Service). Funnel has raised $141.04 million across 13 funding rounds from investors including Camden, Lightstone and The Durst Organization. Funnel offers products and services including Renter-Centric CRM, AI Assistant, and Resident Portal (Nestio). Funnel operates in a competitive market with competitors including immowelt, Inside Real Estate, EliseAI, BoomTown and Lofty, among others.
- Headquarter New York, United States
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Sectors
Real Estate & ConstructionTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Funnel Leasing, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$141.04 M (USD)
in 13 rounds
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Latest Funding Round
$32 M (USD), Series B
Aug 18, 2023
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Investors
Camden
& 13 more
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Employee Count
Employee Count
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Products & Services of Funnel
Funnel offers a comprehensive portfolio of products and services, including Renter-Centric CRM, AI Assistant, and Resident Portal (Nestio). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A CRM platform is provided for multifamily operators.
AI support is offered for email and chat.
A portal is designed for resident onboarding needs.
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Funding Insights of Funnel
Funnel has successfully raised a total of $141.04M across 13 strategic funding rounds. The most recent funding activity was a Series B round of $32 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series B — $32.0M
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First Round
First Round
(01 Jun 2011)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series B - Funnel | Valuation | RET Ventures | |
| Oct, 2022 | Amount | Series B - Funnel | Valuation |
investors |
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| Feb, 2022 | Amount | Series B - Funnel | Valuation | RET Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Funnel
Funnel has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Camden, Lightstone and The Durst Organization. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on the real estate startups
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage technology and real estate companies.
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Founded Year | Domain | Location | |
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Early-stage investments in technology and real estate sectors are managed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Funnel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Funnel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Funnel Comparisons
Competitors of Funnel
Funnel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as immowelt, Inside Real Estate, EliseAI, BoomTown and Lofty, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
CRM solutions and real estate software are provided for professionals.
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| domain | founded_year | HQ Location |
Lead generation and CRM solutions for real estate are provided.
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| domain | founded_year | HQ Location |
Conversational AI platforms are provided for housing and healthcare automation.
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| domain | founded_year | HQ Location |
Web-based marketing systems for real estate professionals are developed.
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| domain | founded_year | HQ Location |
Lofty is recognized as an AI-powered platform for real estate professionals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Funnel
Frequently Asked Questions about Funnel
When was Funnel founded?
Funnel was founded in 2011.
Where is Funnel located?
Funnel is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Funnel?
Tyler Christiansen is the current CEO of Funnel.
Is Funnel a funded company?
Funnel is a funded company, having raised a total of $141.04M across 13 funding rounds to date. The company's 1st funding round was a Series B of $36.5M, raised on Jun 01, 2011.
What does Funnel do?
A renter-centric CRM and automation platform is provided by Funnel for multifamily operators. Solutions are focused on centralization, role specialization, and AI-driven automation to enhance efficiency. The platform is designed to improve renter experiences and increase tour-to-lease conversions. Integration with property management systems is supported, ensuring compatibility. Sectors served include real estate and property management with an emphasis on cost savings and resident satisfaction.
What products or services does Funnel offer?
Funnel offers Renter-Centric CRM, AI Assistant, and Resident Portal (Nestio).
Who are Funnel's investors?
Funnel has 14 investors. Key investors include Camden, Lightstone, The Durst Organization, Moinian, and Techstars.
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