Mynd Secures $5M in Funding
Summary
Mynd, an Oakland, Calif.-based tech-enabled property management company, secured another $5m in venture funding.The round was led by Lightspeed Ventures, with participation from Canaan Partners, Jackson Square Ventures, and Barry Sternlicht, Chairman and CEO of Starwood Capital Group.The company, which has raised $15.6m in total venture capital funding, intends to use the capital for rapid expansion into new markets.Founded in 2016 by CEO Doug Brien and Chairman and CTO Colin Wiel, Mynd has built a technology platform that provides full-service property management for residential buildings, 50 units and smaller, and a dedicated real-time data management and mobile app.The company currently has a portfolio of over 1,100 units which expanded from the Bay Area to the San Diego market with the acquisition of Pacific Shore Management.