Leasing platform for owners and renters, VERO raised a $9M Series B round.

 

Leasing platform for owners and renters, VERO raised a $9M Series B round.  The funding round, which pushed the company's total funding to $26.7M, was led by Fifth Wall.  VERO combines the separate steps in the leasing process into one centralized solution and automates the applicant verification process.  VERO claims the platform's benefits include streamlined workflows, mitigated risk, and increased Net Asset Value (NAV).  The company has seen a 500% increase in transaction volume annually and has grown its revenue by 130% QoQ. Proceeds from the funding round will be used to add more capabilities to the platform and expand operations and the company's business reach.