Based in Austin, Sunroom Rentals rents out residential properties on behalf of homeowners and property management companies. The app allows renters to view properties online, apply for available units, and lease the units. The company has handled 2,000 leases, and more than 100,000 renters have already registered through the platform to use its services (around 10% of renters in the greater Austin metro area) as of February 2021. Sunroom Rentals claims that it can speed up the leasing process to be about five days faster than the market average.
In February 2021, Sunroom Rentals raised USD 11 million in a Series A funding round led by Gigafund. Following this, the company plans to expand its operations in Texas, to Houston, San Antonio, and Dallas. Moreover, the company will invest in a partner portal to allow its clients to view leasing performance in real time.
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