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Overview
Nomad Lease helps homeowners rent out properties by providing a platform that connects homeowners with tenants and handles property management for a flat monthly fee. The service is billed annually starting at $75 and a placement fee from $199; during vacancies homeowners pay no monthly fee. The platform aims to find reliable tenants who pay on time and care for the property, and it offers easy setup with the option for homeowners to handle repairs themselves. Revenue comes from service fees charged to homeowners, with all ongoing maintenance, management, and placement fees being tax-deductible for homeowners. Nomad Lease differentiates itself from competitors with one of the lowest fee structures and tax advantages, making it attractive for homeowners seeking affordable, hands-off rental management. The company’s goal is to simplify the rental process for homeowners while providing dependable tenants and transparent, low-cost management services.
About Nomad Labs
Industries
Enterprise Software
Real Estate
Company Size
51-200
Company Stage
Series A
Total Funding
$23.6M
Headquarters
Denver, Colorado
Founded
2020
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Simplify's Take
What believers are saying
- BusinessDen reported a 2025 major round led by Pinegrove Ventures, funding expansion.
- Nomad had 7,000 tenants and 3,000 landlords, showing real platform traction.
- 2026 blog cadence signals active product education around deductions, insurance, and guaranteed rent.
What critics are saying
- Guaranteed rent turns tenant default into Nomad’s balance-sheet risk during 2026 stress.
- BusinessDen reported 3,000 landlords; scaling loss reserves faster can crush margins.
- Traditional managers can copy low fees and steal clients after Nomad’s new funding.
What makes Nomad Labs unique
- Nomad guarantees rent on the 5th; low 4% fee undercuts managers.
- Denver-built software blends self-serve leasing, screening, maintenance triage, and local partner repairs.
- Nomad targets small landlords with $500k property protection and automated rent collection.
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Funding
Total Funding
$23.6M
Meets
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Disability Insurance
Company Equity
Paid Holidays
Paid Sick Leave
Paid Vacation
Parental Leave
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -2%2 year growth
↓ -2%Denver-based Nomad, a property management tech company, raised an undisclosed "major" funding round led by Pinegrove Ventures, with participation from Range Ventures and Denver Ventures. Nomad offers landlords guaranteed rent, even if tenants haven't paid, for a 4% fee. The company has 3,000 landlords and 7,000 tenants on its platform. Nomad previously raised $25 million, including a $20 million round in 2022. The new funds aim to convert traditional property managers into clients.
Nomad, a Denver, CO-based proptech startup, raised $20M in Series A funding. The round was led by Silicon Valley Bank Capital, with participation from Kickstart Fund, Peterson Ventures, and Range Ventures. The company intends to use the funds to hire new people, expand its geographical footprint to up to 10 new markets in the next [] The post Nomad Raises $20M in Series A Funding. appeared first on FinSMEs.
DENVER--(BUSINESS WIRE)--Nomad Raises $20M to Unlock Financial Opportunity in the Long-Term Rental Space
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About Nomad Labs
Industries
Enterprise Software
Real Estate
Company Size
51-200
Company Stage
Series A
Total Funding
$23.6M
Headquarters
Denver, Colorado
Founded
2020
Nomad Labs is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today