June Homes Raises $50M in Funding
Summary
The round was led by SoftBank Ventures Asia with participation from TQ Ventures, FJ Labs, K50, Reshape, Quiet Capital, Demi Lovato and Scott Belsky. Led by founder and CEO Daniel Mishin, June Homes provides a proptech startup that’s using technology to improve the rental experience for tenants and small mom-and-pop landlords. The company has built an algorithm that detects apartments with untapped potential (often in disrepair) and developed a process to inspect, upgrade, renovate, and list units for rent in just under 72 hours. The homes are fully customizable — tenants can rent furnished or unfurnished, with roommates or alone, and have the option to stay for as long as they’d like (1-18 months) while paying fair and accessible prices. The company has signed on thousands of tenants across NYC, DC, San Francisco, Los Angeles, Philadelphia and Boston.