VERO raises $5 million

VERO Leasing , the platform that automates residential applicant screening and leasing, announced a $5 million Series A funding round, jointly led by Eleven Capital and Bienville Capital. Other investors include LeFrak and A&E. This new investment, which will be used to expand VERO’s centralized product offerings and grow the team, brings the company’s total funding to more than $9 million.

Founded in 2018, VERO combines each separate step of the leasing process into one centralized solution. VERO’s technology verifies critical applicant metrics which results in a ‘quick’ leasing decision. According to the company, it takes less than 17 minutes to apply and sign a lease with VERO.  Current VERO partners include LeFrak, Stonehenge, Alfred, and FirstService Residential, among others.

“VERO’s centralized solution takes the pain out of the leasing process for all parties. I couldn’t be more optimistic about the positive impact VERO’s platform will continue to have on the renting ecosystem, and I’m excited to be a part of the journey.” – Chad Pike, Eleven Capital’s Founder, who has joined VERO’s Board of Directors.

“VERO has identified and solved an immense need within the multifamily rental sector. We’re excited to take our partnership with VERO even further with a strategic investment in its ambitious vision.” – Douglas Eisenberg, Founder and Chairman of A&E.

“I’m humbled by the pedigree of partners that have chosen to work with VERO after deeply examining every possible option. This new investment will support our ambitious goals and further deepen our product functionality and flexibility to drive value for our nationwide partners.” – Lou Baugier, CEO and co-founder of VERO.