Mynd Property Management

Mynd Property Management is the platform for lessors allowing to manage the residential real estate leased on long term. The company implements modern online abilities to manage the real estate which allow tenants to browse houses, to sign lease agreements and to pay rent, without coming into physical contact with the lessor.

History

2020: Attraction 41.5 million dollars of investments within a round of C

On June 29, 2020 it became known that Fort Ross Ventures invested in the American startup in the field of the real estate of Mynd Property Management. Investment volume of fund into the company was 10 million dollars from the general investments of a round of C – 41.5 million dollars.

In the conditions of a pandemic the services provided to Mynd Property Management, steel more attractive to real estate investors who aim to protect themselves from a virus. For the end of 2020 in management of Mynd – about 8000 small apartment houses and houses on one family in 16 states of the USA.

The lead investor became Wells Fargo, also such funds as Canaan Partners, Lightspeed Venture Partners and Jackson Square Ventures acted as investors of a round.

Victor Orlovsky, founder and managing partner of Fort Ross Ventures:

We continue to monitor how digital solutions actively get into real estate field. It is already the second PropTech-startup in which we invested in 2020. Because of COVID-19 pandemic the popularity of virtual service increased in management of the residential real estate. The Mynd platform gives the chance not only to remotely select and rent housing, but also to carry out at tenants repair work on the house by video conference. We consider that Mynd has all bases that in post-crisis time to achieve success not only in the American market, but also, perhaps, in the markets of Eastern Europe.