VERO – a modern screening and leasing platform for owners and renters — announced a significant growth equity round co-led by Fifth Wall and Sunriver Capital Partners, with meaningful participation from Rebuild Capital.
This partnership brings together leading firms to support VERO’s position in the market distinctly. And the capital will enable the company to accelerate product development, enhance go-to-market initiatives, and solidify its role as the foundational layer within the modern property tech stack — optimizing the owner and renter experience. This funding round follows VERO’s $9 million Series B, led by Fifth Wall, which closed in April 2023.
Travis Gibson has also joined the company as Chief Technology Officer. As an early engineer at Marqeta—the global leader in modern card issuing—Gibson played a pivotal role in scaling the company’s Digital Banking product suite through hypergrowth and IPO. Plus, he later founded Proper, a Y Combinator-backed FinTech startup, which was acquired by Intuit in March 2024. More recently, Gibson has been focused on helping public companies modernize their legacy tech stacks and elevate overall product performance.
Gibson joins a seasoned leadership team that includes Jamey Rosamond, Co-Founder and Managing Partner at Sunriver, who also now serves as Chief Executive Officer of VERO. And Rosamond brings over two decades of experience operating and investing in high-growth companies across the real estate tech, insuretech, and construction tech sectors. Before founding Sunriver, Rosamond served as Chief Operating Officer of RentPayment.com, leading the company through its acquisition by MRI Software, and before that as Chief Operating Officer of RadPad, which was acquired by Priority Technology Holdings. Jeff Cate, VERO’s Chief Financial Officer, brings deep expertise in finance and operations, having held senior roles at Appspace, Hayman Capital Management, and Atlas Capital.
Lou Baugier—VERO’s founding Chief Executive Officer—will continue supporting the company as a Senior Advisor, helping to guide its mission and long-term vision. And under Baugier’s leadership, VERO evolved from an early-stage startup into a trusted partner to several of the top 10 property management companies in the U.S. His transition marks a natural evolution as the company enters its next phase of growth. Supporting this next chapter, VERO has also strengthened its Board of Directors with the addition of Vik, Broer, and Jeremy Kaner, Founder and Managing Partner of Rebuild Capital.
VERO is a purpose-built platform designed for streamlining residential leasing by mitigating risk, accelerating leasing velocity, and consolidating fragmented vendor relationships. And in a market where owners and operators often rely on incomplete risk proxies, and applicants face outdated, invasive processes, VERO offers the modern, centralized solution that works for both sides of the lease.
As the first and only platform to fully automate the verification of prior residency and applicant qualifications, VERO eliminates manual workflows while improving accuracy, compliance, and operational efficiency. And by unifying every step of the leasing process—from screening to signing—into one fraud-proof system, VERO helps increase net asset value, reduce risk, and deliver a faster, more transparent experience for both property teams and renters.
KEY QUOTES:
“VERO sits at one of the most critical junctures in the renter journey — right at the point where real, verifiable information enters the system. That moment isn’t just about screening; it sets the stage for everything that follows, from insurance and deposit alternatives to the move-in experience. VERO isn’t a point solution, it’s the gateway to an entire ecosystem. We’re thrilled to double down on our investment in VERO and look forward to supporting them as they continue redefining how the industry serves owners and renters.”
Magnus Vik, Co-President & Chief Operating Officer, Fifth Wall
“With a proven track record of building and scaling category-defining financial products, leading high-performance engineering teams, and driving innovation across both startups and enterprise environments, Travis brings the vision and technical depth to accelerate VERO’s next wave of product growth. This significant capital infusion—combined with a best-in-class leadership team and a robust pipeline—positions VERO to capitalize on its momentum and solidify its status as the category leader of choice for owner-operators.”
Copley Broer, Co-Founder & Managing Partner at Sunriver
“As the industry moves past favorable cap rate dynamics, success now relies on execution and partnering with platforms that deliver measurable results. We constantly evaluate every partner based on ROI, and VERO stands out. It streamlines our leasing process, catches fraud early, and ensures we place the right residents in our apartment homes. It’s essential in today’s operating environment.”
Kristy Simonette, Senior Vice President of Strategic Services and Chief Information Officer at Camden Property Trust
