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SafeRent Nets $12 Mil in 2000 Fiscal Support

DENVER-SafeRent, founded in October 1998, had closed the year 2000 by raising $12 million in two funding rounds. Part of the capital is earmarked for a second versioning of its applicant screening software.

By John Rebchook | Updated on January 03, 2001

DENVER-SafeRent Inc., which provides online credit and risk management services to the apartment industry, is working with $4.25 million more to advance its software development.

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.

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