SoftBank and Demi Lovato back June Homes, a proptech startup emerging from stealth with $50M in funding

June Homes, a proptech startup that aims to make renting less painful and more flexible for both tenants and landlords, is emerging from stealth today with $ 50 million in total funding.

SoftBank Ventures Asia led the startup’s latest round — a $ 27 million Series B. Other backers in the company include TQ Ventures (founded by Scooter Braun, Schuster Tanger, Andrew Marks), FJ Labs, K50, Reshape, Quiet Capital and angel investors including musician Demi Lovato, Behance founder Scott Belsky and Oskar Hartmann.

The New York-based company also previously raised (but did not announce) a $ 13 million Series A — also led by SoftBank Ventures Asia — and $ 10 million in SAFES.

Founder and CEO Daniel Mishin first became interested in real estate with a missed train and an unplanned stay in a cheap youth hostel in Berlin when he was 11 years old. The experience inspired him to start his first business at an early age, turning his grandmother’s empty apartment into a short-term rental space for backpackers. After starting, and exiting, a hospitality business, Mishin founded June Homes in 2017. He was motivated after his one struggle with apartment hunting in New York City.

Published by Techcrunch — on September 22, 2021