Nestio Raises $1.5 Million From Several Investors

Posted Jul 9, 2013

is an online real estate company that has raised $1.5 million in a round of funding led by Joanne Wilson.  David Tisch, Jerry Colona, David Cohen, Rick Webb, Greg Barton, Stuart Litwin, Lazerow Ventures, Quotidian Ventures, Ludlow Ventures, Scout Ventures, Meridian Development Partners, and Narbona Hill Corporation also participated in this round.

“We have an incredible group of people in our corner and we?re very proud and fortunate to call them our investors. We have a long way to go as a company, but we couldn?t be more excited about this next leg of the journey. The entire team is ready to continue executing on this mission, delivering modern and intuitive technology to an industry that?s ready for transformation,” stated Nestio CEO and co-founder Caren Maio.

This round of funding will go towards scaling the company including new hires and to expand coverage within New York City.  Nestio started as a service that aggregated services that people used to find rental companies in NYC.  In order to fix outdated information, the company is now allowing landlords, realtors, and consumers to see changes in real-time.

The company previously raised $818,000 from several investors, including TechStars.