Joinery, LLC.

Joinery, LLC. specializes in providing innovative apartment rental solutions, enhancing the leasing process for renters while offering financial incentives through cash back rewards. Joinery, LLC. is an apartment rental platform that connects potential tenants with a network of over 9,000 apartment listings across Texas.

Founded in 2015 in Brooklyn, US, it has undergone no notable pivots or changes in its business strategy. The company was established by a group of entrepreneurs with previous industry experience. Joinery has successfully completed 2 deals, with its most recent funding round occurring on June 13, 2018. This Seed round raised USD 1.

06 million from investors including Kima Ventures, Pipeline Angels, and GE32 Capital, marking the total amount raised to USD 1. 06 million. Joinery operates as a distinctive apartment rental platform that provides cash back incentives to users who lease apartments within its network. It connects potential tenants with numerous apartment listings, allowing customers to earn cash back upon signing a lease while offering a range of housing options from luxury to budget-friendly choices.

The platform is designed to assist renters, particularly first-time renters and those relocating, by providing expert guidance throughout the apartment hunting process. Joinery generates revenue primarily through partnerships with property managers and landlords. When a user successfully leases an apartment through the platform, Joinery receives a fee from the landlord, incorporated into the overall rental price. This business model facilitates direct B2C transactions where renters engage with the platform, benefiting from cash back rebates while ensuring they pay the same rent as they would elsewhere.

Looking ahead, Joinery plans to enhance its platform with new features and functionalities aimed at improving user experience and engagement. The company is also targeting expansion into additional markets, focusing on key areas within the US by the end of 2020. Recent funding of USD 1. 06 million from the Seed round will be utilized to support these initiatives, allowing Joinery to refine its offerings and broaden its geographical presence.