Property mapping technology provider Engrain raised a $12M Series A funding round.

 

Property mapping technology provider Engrain raised a $12M Series A funding round. The funding round was led by RET Ventures, which focuses on technology solutions for multifamily and single-family rental industries.  Engrain offers products such as TouchTour, Asset Intelligence, and SightMap to transform how people find, lease, and manage their property.  Engrain claims to serve 8,000 multifamily and 3,000 self-storage properties, comprising over 5 million units.  The Denver-based startup plans to invest the new capital in a wide range of platform improvements, including a marketplace with automated processes.  Engrain's co-founder Brent Steiner told Commercial Observer the company decided to go ahead with a Series A raise after the collapse of SVB, where it had a few million in deposits.