# Cozy Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cozy-services

- Industry: Internet
- Headquarters: Portland, US
- Website: www.cozy.co
- Total disclosed funding: $18M
- Latest round: Series B (Aug 30, 2016)
- Investors on record: 9

## About

Cozy Services Ltd. is a technology company that specializes in providing comprehensive online rental property management solutions designed to optimize the experience for landlords and property managers.Founded in 2012 and headquartered in Portland, US, Cozy Services Ltd. offers property management services that help landlords streamline their rental operations. The company was acquired by CoStar Group, Inc. in November 2018 for USD 68 mn. Co-founders Carly Dela Cruz and Lee Fuhr have a history of developing technology-driven solutions for property management, aiding in the advancement of efficient rental practices.Cozy Services Ltd. provides Apartments.com Rental Manager, a robust suite of online tools for rental property management. This platform facilitates listing properties, tenant screening, rent collection, maintenance management, and expense tracking, catering to landlords, property managers, and real estate investors mainly in the US, Canada, and select international markets. Key features include Express Pay for expedited rent collection and customizable lease generation, enhancing landlords' ability to competitively price their properties.Cozy Services Ltd. generates revenue through subscription plans and service fees associated with its platform features. Clients engage directly for services like tenant screening and online lease creation, utilizing the software to optimize their property management processes. Revenue stems from ongoing subscriptions and one-time service fees, ensuring a reliable income stream as property owners manage their rentals effectively.In line with its growth strategy following the acquisition by CoStar Group, Inc., Cozy Services Ltd. plans to leverage recent funding to enhance its product offerings and expand into new markets. Initiatives include developing new functionalities for the Apartments.com Rental Manager platform and targeting expansion into additional North American and international markets, aiming for implementation by late 2023.

## Funding rounds

- Series B, Aug 30, 2016, $8.5M — General Catalyst Partners, IT-Farm Corporation, Social Capital, Seven Peaks Ventures, Upslope Ventures, American Family Ventures, Bigcolors
- Series A, Aug 21, 2015, $3.4M — General Catalyst Partners, IT-Farm Corporation, Social Capital, Seven Peaks Ventures, Upslope Ventures
- Series A, Oct 10, 2013, $5M — General Catalyst Partners, Social Capital
- Seed, Oct 4, 2012, $1.5M — GV, Social Capital, i/o Ventures

## Investors

- GV (https://capitalatlas.ai/funds/gv) — Seed
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed, Series A, Series B
- i/o Ventures — Seed
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B
- IT-Farm Corporation (https://capitalatlas.ai/funds/it-farm-corporation) — Series A, Series B
- Seven Peaks Ventures (https://capitalatlas.ai/funds/seven-peaks-ventures) — Series A, Series B
- Upslope Ventures (https://capitalatlas.ai/funds/upslope-ventures) — Series A, Series B
- American Family Ventures (https://capitalatlas.ai/funds/american-family-ventures) — Series B
- Bigcolors (https://capitalatlas.ai/funds/bigcolors) — Series B