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Piñata Raises $13M in Series A Funding Round
Proptech startup Piñata, a rewards and credit building membership program for renters, said it has raised $13 million in Series A funding led by real estate- and proptech-focused venture firm Wilshire Lane Capital. The funding comes as Piñata’s recorded 1,100% year-over-year growth.
“We’re thrilled to be partnering with Wilshire Lane Capital. This is a heavy-hitting team of proptech and real estate experts. Having their expertise at the table will only further our mission to reward millions of renters across the country and create a win-win-win model for renters, property management companies and businesses,” said Lily Liu, co-founder and CEO of Piñata.
Launched in mid-2020, Piñata had record year-over-year growth from January 2021 to January 2022, including more than 600% growth in new users and nearly 300% growth in new property management company partners.
“We were immediately impressed by Piñata’s user growth. Just one look at their ratings and performance on the Apple iOS and Android app stores and it’s clear that users love Piñata and the company’s app experience,” said Adam Demuyakor, Founder and Managing Partner of Wilshire Lane Capital.
- ◦Financing
