Virtual leasing platform Peek has raised $5 million in Series A funding to expand its go-to market efforts, grow its engineering and customer service success teams, and enhance integrations with leading property management and marketing platforms. The round was led by Moneta Ventures, a venture capital firm that partners with early-stage, high-growth technology companies, with participation from Timber Grove Ventures and other existing investors.
Peek’s platform transforms the multifamily rental experience by enabling prospective renters to tour and lease units online with the same convenience and ease as shopping on an e-commerce platform. According to Peek, owners and property managers using its platform have reported up to 30% fewer vacant days and three times more prospect tours compared with legacy 3D tour platforms.
“We’re excited to partner with the Moneta Ventures team to continue scaling Peek,” said CEO and founder Austin Lo. “As renters increasingly expect a digital-first experience and operators look for tools to boost operating performance and data to power business-critical decisions, we see a massive opportunity to reimagine leasing end to end.”
In addition, Peek made two strategic appointments to its board of directors: Jeff Olyniec, partner at Moneta Ventures, and Luke Morris, co-founder of CREXI. The two bring decades of experience in proptech, venture capital, and scaling high-growth technology companies.
“Peek is modernizing an industry that has lagged behind in digital transformation,” added Olyniec. “The Peek team has demonstrated tremendous revenue growth and capital efficiency to date, and we believe their platform delivers not only a better experience for renters, but clear and measurable return on investment for operators.”
