Rent Butter, which claims an "advanced tenant screening solution designed specifically for workforce and affordable housing" announced that it had completed a $3 million seed funding round. RET Ventures, a venture fund focused on single- and multi-family real estate technology, led the round.

"Rent Butter was built to help owners and operators of workforce and affordable housing communities better assess risk when screening potential residents," the company said. "Traditionally, owners vetting rental applicants have relied primarily on static data like credit scores and background checks, which provide only a partial picture of renters' financial footing."

 Rent Butter has seen significant traction since its founding, with more than 100,000 residential units using the solution. The company has plans to expand its product offering and customer base into conventional Class A and B multifamily and single-family rentals in 2023."