Founded in 2014 and headquartered in Santa Monica, CA with five offices across the country, TenantBase is growing its business with a recent $10.7 million funding round. Led by Stonecutter TenantBase Investors LLC, an affiliate of New York-based Stonecutter Capital, the round includes previous investors.
The tech-enabled brokerage firm aims to serve small to medium-sized business owners in finding commercial space. Leveraging a proprietary client-facing technology, hands-on local brokerage services and internal tools, the technology eliminates inefficiencies that owners and tenants face. This round of funding will support the company’s talent expansion for more engineers and brokers.
CEO and co-founder Bennett Washabaugh said, “There are huge inefficiencies and frustrations for both tenants and landlords related to leasing small spaces. Landlords want to work with credible tenants that understand the process, and our TenantBase brokers guide clients of all experience levels through the process to get more deals done.”
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