The King of Real Estate data continues to grow
CoStar Group has acquired Cozy for $68 million, according to GeekWire. The online rental services company will be integrated into its Apartments.com platform. Cozy had raised $18.4 million in equity financing. Nice exit!
What they did: The company provided landlords tools to simplify rent payments, rental applications, and tenant screening. In a time where renters want the entire process to happen online, this addressed a real need in the market. Smart use of software and technology. With so much venture capital money being poured into the real estate tech space, it’s nice to see an exit once in awhile.