Seed · Proptech
Snag raises $4 million seed round for verified rental marketplace
The Brooklyn startup helps renters find sublets and lease takeovers through a marketplace that checks listings before they go live.
Verification for flexible rentals
Snag checks a sublessor's identity, matches listing photos to a real address and confirms lease details before a property is posted. The marketplace connects renters with people transferring existing housing arrangements and supports digital applications and document workflows. Its approach targets the uncertainty that can make short-term sublets and lease takeovers difficult to evaluate.
Use of funds
Expand engineering and data operations teams
Scale automated inventory-verification features
Accelerate user acquisition across major metropolitan rental markets
Funding history
Seed · This round$4M