Ikos Grabs $4 Million in Funding to Expand Residential Leasing Services

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Over the last 12 months, the real estate tech company expanded its team from 18 to 60; outgrew its downtown office; and connected with over 150,00+ renters looking for a place to live.

Ikos, a fast-growing Pittsburgh-based tech company, has been working to simplify the residential leasing process for landlords and renters in seven markets across the United States. Today, the company announced that it has raised $4 million in growth funding, led by Draper Triangle Ventures.

The round also includes new investors ValueStream, a New York City-based growth fund, as well as existing investors Birchmere Ventures and Riverfront Ventures.

Changing The Way Residential Real Estate Is Leased

Ikos helps landlords and property owners fill empty rental units. Using exclusive data, Ikos fill landlords’ vacancies quickly by pricing, listing, advertising, showing, and leasing properties. Landlords not only get their properties filled, they can make smarter investment decisions based on the proprietary real estate data that Ikos has acquired since starting.

Since launching in late 2016, Ikos has rented thousands of properties in seven markets including, Chicago, Washington DC, Philadelphia, Pittsburgh, Baltimore, Cleveland and Milwaukee and now works with tens of thousands of renters each month.

Where Will The Funding Take Ikos Next?

After outgrowing its Downtown Pittsburgh office, Ikos recently moved into a new space in the Oakland neighborhood of the city. In addition, the company will move quickly, expanding product functionality, adding new residential real estate services, growing both staff and partnerships to expand its reach, and making more substantial investments in brand-building.

About Ikos

Residential leasing is messy – that's why Ikos launched in Pittsburgh, PA in 2016 to improve and simplify the rental process for both landlords and renters. A graduate of nationally ranked accelerator AlphaLab, Ikos works closely with landlords and property owners to price, list, advertise, show, and fill properties using in-depth market insights and data. Ikos offers a competitive rate of half a month's rent, non-exclusive agreements with no catches, and advertising on 80+ websites, which has led to the renting of thousands of properties.

For more information, please contact Lynsie Campbell at 412-254-4748 or lynsie.campbell(at)ikoshq.com.

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Lynsie Campbell
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