Lovely, the site that aggregates home rental listings, is today moving up from studio to duplex status. The startup is announcing its first acquisition, Rentmatic, so that those finding apartments on its site will soon be able to set up their monthly rent payments on Lovely after they move in. And it is gearing up for more growth: it has also closed a Series A round of funding.
Blake Pierson, CEO and founder at Lovely, tells me the company is not disclosing the value of the Rentmatic deal, nor the amount of funding that Lovely is getting. In addition to giving the company funds to continue its U.S. expansion, the Series A brings on some important investors. They include Mark Stevens, formerly of Sequoia and now running S Cubed Capital; Walter Kortschak of Summit Partners; John Foster of Broadreach Capital Partners and Kevin Taweel, the co-founder of Asurion.
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