Wednesday, January 15, 2020

Locale Finds $11M For Upscale, Furnished Apartments

Austin-based Locale, which provides upscale, furnished apartments for both short and long term stays, said this week that it has raised $11M in a Series A funding round. The funding was led by Amplo, and also included Susa Ventures and Metropolis Capital Partners, plus Malkin Holdings, Rogue Insight Capital, and Chris Heller (Chief Real Estate Officer, OJO Labs, former CEO of Keller Williams). According to Locale, it has now raised a total of $14M. The company, which was founded in 2016, says it now has over 30 employees, and is now operating in Austin, Houston, Dallas, San Francisco, Nashville and Minneapolis. Locale is led by CEO Nitesh Gandhi. More information »