Airbnb and Uber may be the best known startups in the on-demand economy, but increasingly, real estate services like Managed by Q’s office cleaning or TurningArt’s artwork curation, are attracting customers and venture funding. One of the fastest growing startups in the on-demand property services category is New York City-based Paintzen, which allows residential and commercial customers to receive quotes and manage painting contractors online.
Launched in late 2013, Paintzen is a full-service painting concierge platform, which has brought simplicity, automation and service guarantees to the $40 billion U.S. painting industry. Via an online portal, users can obtain a fixed quote, select and order paint and supplies, and pay for scheduled services with a licensed and insured professional crew. Paintzen expertly manages and executes every project detail, and even offers personalized design consultations throughout the planning process.
Paintzen, a graduate of the Angelpad accelerator, has raised over $9 million in venture funding to date, including a $7.2 million series A funding round that closed in September of 2015. One of the investors was New York City-based real estate firm The Moinian Group which participated in the round through its recently-formed technology investment arm, Currency M. Paintzen will now serve as the preferred painting service for Moinian’s vast New York area real estate portfolio.
Mitchell Moinian, Senior Vice President of The Moinian Group, commented: “Paintzen’s seamless on-demand service has proven to be a useful and convenient resource for both our commercial and residential tenants as well as our corporate brand. We have great faith that Paintzen is the future of the painting industry, which is why we were inspired to make an investment in the company, and to help the company grow through Currency M’s deep corporate resources – a key to our investment strategy.”
As part of this collaboration, tenants of Moinian’s luxury residential buildings will be offered Paintzen services at an exclusively reduced rate. Additionally, new tenants will also enjoy a special move-in package featuring recommended interior color palettes from Paintzen’s team of design experts. For added convenience, Moinian’s leasing offices will feature iPads set to the Paintzen landing page to allow for instant project quote submissions.
“This partnership lays an enhanced new blueprint for expansion, and is as exciting as it is emblematic of Moinian’s continued visionary leadership,” added Paintzen Co-Founder and CEO Mike Russell. “As our valued strategic partner in this venture, Moinian’s capital investment will help to further accelerate our business growth in the real estate industry, and beyond.”
Paintzen now operates in New York City, San Francisco, Washington D.C. and Boston and plans to expand into additional markets this year.