RET Ventures led a $32m Series B-2 funding round in Funnel Leasing.

RET Ventures, a venture capital firm, led a $32m Series B-2 funding round in Funnel Leasing, a renter management software platform, with participation from Trinity Ventures. “Funnel is uniquely positioned to combat many of today’s worsening problems: increasing fixed expenses, lower renewals, talent shortages, and skyrocketing consumer expectations. This new financing ensures our current clients and future partners can rely on the industry’s only independent CRM with a steadfast commitment to innovation, and we’re thrilled to partner with RET, the biggest single vote of confidence in the multifamily space. In a sea of acquisitions and frustrating technology shortcomings, the status quo operating model continues to disappoint renters, burn out teams, and limit owners and managers. The future of multifamily leverages enterprise-grade technology, automations and shared services to provide renters and residents the best experience at every step of their journey — from inquiry to move-in to renewals — all while making teams’ roles more engaging,” Tyler Christiansen, Funnel Leasing CEO.