Funding Round attributes
Peek, a virtual leasing platform based in New York City, has secured $5 million in Series A funding to accelerate its mission of transforming the apartment rental experience. The investment round was led by Moneta Ventures, with participation from Timber Grove Ventures and other existing investors. Founded by Austin Lo, Peek aims to streamline the leasing process by enabling prospective renters to tour and lease units online with the same ease as shopping on an e-commerce platform. The platform automates various aspects of leasing, including unit-level 3D tours, self-guided tours, and in-depth data and analytics. This approach helps multifamily operators lease faster, reduce vacancy loss, and increase property income.The funding will be utilized to expand Peek's go-to-market efforts, grow its engineering and customer success teams, and enhance integrations with leading property management and marketing platforms. Peek's platform has already demonstrated significant impact, driving faster leasing and increased operating revenue for hundreds of thousands of multifamily units across the U.S., including national portfolios and high-growth regional operators. Property owners and managers using Peek's platform report up to 30% fewer vacant days, three times more prospect tours compared to legacy 3D tour platforms, and increased visibility into leasing performance. In addition to the funding, Peek announced two key additions to its board of directors: Jeff Olyniec, Partner at Moneta Ventures, and Luke Morris, Co-Founder at CREXI. These strategic appointments bring decades of experience in proptech, venture capital, and scaling high-growth technology companies.
