Tenant Turner Accepted to Y Combinator
July 30, 2015
When RVA rental-hub startup Tenant Turner presented at last year’s Lighthouse Labs, we knew it was a game changer. Their app was formed from both necessity and happenstance, Tenant Turner is a product of the soft real estate market caused from the burst housing bubble. With 43 million rental units in the United States, ‘fragmented’ is a mild descriptor of the industry. Tenant Turner pre-screens rental applicants to remove some of the burden from property owners. Landlords now have a streamlined pipeline of prospective – qualified – tenents.
It’s no surprise that Y Combinator one of America’s best known accelerators, announced that they’ve accepted Tenant Turner into their seed fund. This placement provides them with many of the benefits of Lighthouse Labs, plus a $120,000 investment.
RVA continues to grow as hub for innovation and technology. It’s these opportunities that fueled RichTech’s pursuit for accelerator funding. This falls cohort is possible in large part due to the $125,000 RichTech secured with VCU through the state for Lighthouse Labs. Tenant Turner’s application to Y Combinator AND acceptance is a testament to the great work Todd Nuckols and Larkin Garbee (co-Directors and Founders of LHL) have completed for RVA’s start-up community. RichTech looks forward to its continued successes and the elevation of RVA as a destination for innovators.
With homeownership levels back to their lowest point since 1993, the rental market is ripe for innovation. Tenant Turner sees that window of opportunity and are pouncing. Congrats, guys. Richmond loves you!
*Applications to this fall’s Lighthouse Accelerator are no longer being accepted. Companies will be announced in late August.*<Back