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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
- February 2025 Pinegrove-led funding validates investor appetite for Nomad’s risk-transfer model.
- Nomad targets traditional property managers, expanding TAM beyond direct landlord self-service.
- 2026 site updates show active product monetization and continued platform investment.
What critics are saying
- Doorstead and Belong attack Nomad’s guarantee pitch with faster leasing and lower delinquency.
- Upfront 4% pricing hides 6% monthly and placement fees, confusing landlords by 2026.
- Guaranteed rent creates balance-sheet strain if vacancies rise or tenants default simultaneously.
What makes Nomad Labs unique
- 2026 pricing stays 4% upfront, undercutting 8-10% local managers.
- Guaranteed rent plus self-service tools separates Nomad from full-service property managers.
- Denver roots and 3,000 landlords give Nomad an established renter-management network.
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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
↓ -2%1 year growth
↑ 0%2 year growth
↓ -1%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 3 Jobs on Simplify!
Find jobs on Simplify and start your career today