Cozy Services
Stage
Acquired | AcquiredTotal Raised
$18.42MValuation
$0000About Cozy Services
Cozy offers an easy way for landlords and renters to get things done together. The company aims to make the entire rental real estate process transparent, trustworthy, simple, secure, and available anywhere.
Cozy Services Headquarter Location
524 E Burnside Street Suite 610
Portland, Oregon, 97214,
United States
971-544-7558
Research containing Cozy Services
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Cozy Services in 1 CB Insights research brief, most recently on Sep 3, 2020.
Expert Collections containing Cozy Services
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cozy Services is included in 2 Expert Collections, including Real Estate Tech.
Real Estate Tech
2,323 items
Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et
Fintech
7,431 items
US-based companies
Latest Cozy Services News
Nov 12, 2018
By Annie Baker ● November 11, 2018 Washington D.C.-based CoStar, a leading real estate information and analytics service, has announced that it is acquiring Portland-based online rental solutions company Cozy Services for $68 million. Cozy helps over 50,000 landlords screen tenants, receive applications, collect rent, and market their listings. There are more than 120,000 tenants who make online payments through Cozy. And payments made through Cozy totaled over $1.4 billion in payments in the past year. CoStar is a public company with a market capitalization of about $13.3 billion. Currently, CoStar is a leading solution provider in online lease management for commercial real estate through its Real Estate Manager products. More than 200,000 commercial leases for office, retail, and industrial clients are managed through the Real Estate Manager platform. And it represents about $30 billion in lease payments on an annual basis. CoStar acquired Apartments.com for $585 million in 2014. “We believe that if we continue to focus on delivering a fantastic renter experience on Apartments.com, we will continue to be the most heavily trafficked website offering the most valued advertising solutions,” said CoStar group founder and CEO Andrew C. Florance in a statement. “Cozy’s technology makes the renting and payments process simple, secure, and intuitive. When combined with Apartments.com, the 40 million prospective renters that visit our network each month will be able to effortlessly locate, apply, lease and pay for their new rental home completely online.” CoStar is planning to fully integrate Cozy’s technology into the Apartments.com platform in the first half of 2019. And this integrated online rental solution will bring greater efficiency in the rental process for independent rental owners. These owners currently operate over 22 million rental units in properties that contain five units or less. And CoStar believes that the total addressable market is well over $8 billion. “We are excited to be able to bring our landlord and renter services to a larger audience by joining the CoStar team and the Apartments.com network. The combination of CoStar’s leadership in multifamily marketing with our integrated solutions for renters and landlords makes for a very exciting future for all of us,” added Cozy CEO and founder Gino Zahnd. Prior to the acquisition, Cozy raised about $18.4 million in funding from investors such as General Catalyst, Social Capital, Upslope Ventures, GV, Daniel Curran, Jason Calacanis, and Tim Ferriss. Related Stories
Where is Cozy Services's headquarters?
Cozy Services's headquarters is located at 524 E Burnside Street, Portland.
What is Cozy Services's latest funding round?
Cozy Services's latest funding round is Acquired.
How much did Cozy Services raise?
Cozy Services raised a total of $18.42M.
Who are the investors of Cozy Services?
Investors of Cozy Services include CoStar Group, Social Capital, General Catalyst, Seven Peaks Ventures, American Family Ventures and 7 more.
Who are Cozy Services's competitors?
Competitors of Cozy Services include Azibo, Zego, Avail, Canopy, TenantCloud and 8 more.
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