Mynd Property Management Raises $41.5 Million in Series C Financing

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Mynd Property Management, a full-stack tech-enabled property management company scaling the non-institutional segment of the $20-billion-plus single-family rental (SFR) sector, closed a Series C round of financing totaling $41.5 million. Wells Fargo led the round, joined by Mynds existing Silicon Valley investors, Canaan Partners, Lightspeed Venture Partners, and Jackson Square Ventures.

With more than 7,500 homes under management in 16 markets and expanding, Mynd is one of the largest SFR property management firms in the U.S. By investing in disruptive technology, the company has unlocked the potential of virtual property management.

Its a strong validation of our technology, business, and virtual operations that during one of the most challenging economic cycles in American history we were able to secure $41.5 million in funding, explains Doug Brien, CEO and co-founder of Mynd Property Management.

Wells Fargo, one of the leading banking institutions in the United States, along with several other prominent VC firms, provides a strong testament to the long-term viability of Mynds business model.

We were drawn to Mynds business model and proven ability to create a seamless, end-to-end management and investment platform for the residential property management sector, said Osei Van Horne, managing director of Wells Fargo Strategic Capitals Technology Group. Wells Fargo is excited to be an equity investor in this tech-enabled company as it continues to improve the virtual property management and leasing experience, and bring a new level of efficiency for real estate investors, owners, renters, and residents.

Providing an Essential Service at a Critical Time

Mynd provides the core and essential service of housing people and managing properties. Rental housing has remained in high demand with both renters and investors. Since everyone needs a place to live, we believe in the long-term strength of investing in residential real estate. Ongoing stock market volatility during these uncertain times and all-time-low interest rates make real estate an even more attractive investment option, Brien adds.

Since day one, we have been focused on providing virtual property management, including remote leasing with self-showings and 3D tours. In the COVID-19 era, this is more important than ever, says Colin Wiel, Mynds co-founder, and CTO.

The impacts of COVID-19 and the need for technology to enable remote operations have forced other property management companies to adapt to a new normal. With this Series C funding, we look forward to leading the property management sector into a new technology-focused era, Wiel concludes.

About Mynd Property Management

Mynd is a full-stack tech-enabled property management company serving the $20-billion-plus, non-institutional rental (SFR) sector with a combination of innovative technology and local expertise that enables best-in-class virtual property management. Headquartered in Oakland, Calif., Mynd currently manages over 7,500 units in 16 markets. With backing from leading Silicon Valley venture capital firms, the rapidly expanding proptech company delivers an unparalleled customer experience for both small residential property owners and residents with a mission to create happy homes and healthy investments. The company is developing an end-to-end real estate investment and management platform that offers remote SFR investing in the most attractive metros nationwide.

Stacey Corso

[email protected]

Phone: (415) 672-6460