The second-round funding had closed in December. It had been led by Boulder Ventures Ltd., Mellon Ventures Inc., Roser Ventures and Hexagon Investments. The funding complements $7.75 million in equity funding that had been raised earlier in 2000. The cash infusion is being used to fund a significant ramp-up in sales and marketing plus develop a new versioning of the SafeRent Applicant Screening Service. The Denver-based company, founded in October 1998, also has several new products in its 2001 pipeline.
The funding, says Linda Bush, SafeRent's CEO, "demonstrates these insiders' confidence in our business model and management team." More than 20% of the nation's large property management companies have finished or are in the process of rolling out SafeRent Applicant Screening for apartment portfolios.
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