Austin-based Comfy Lands $600K in Seed Stage Funding

rentcomfy_com - logoComfy, a startup that helps students find housing, received $600,000 in seed stage funding last week.

The Austin-based company received the money from a group of investors led by Mike Lee, partner at Dominion Ventures. The round also included prominent angel investors and Austin Ventures.

Comfy has developed a mobile and online platform that uses proprietary software to serve as a matchmaking service between college students and the off-campus housing market.

The other investors include former Brocade Communication Systems CEO and founder of Rhapsody Networks Mike Klayko, former Skull Candy CEO Jeremy Andrus, Mark Harris, Jared Stone, and others.
Comfy plans to use the money to expand into new markets and scale its product.

“We feel fortunate to have the caliber of investors we were able to attract. With their backing Comfy is disrupting a fragmented and opaque market with a mobile app and website targeted at student renters,” Comfy Co-Founder and CEO Jordan Wright said in a news release. “Due to the niche nature of off campus student housing in the multi-family industry, the student population is served complicated products that aren’t a good fit for their specific needs, which are quite different from the normal multi-family renter. We’re using trending technologies, a new business model, and a little bit of our own secret sauce to solve this problem. This seed financing gives us the opportunity to take our innovations to the next level in this large, yet underserved market.”

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