Real estate technology startup Darwin Homes raises $15 million

Austin-based Darwin Homes closed a $15 million Series A funding round led by Canvas Ventures.

Co-founded in 2018 by Ryan Broderick and Zachary Kinloch who were early executives at DoorDash, Darwin Homes incorporates a property management software that allows owners and managers to take control over and scale their portfolios across different markets nationwide.

Darwin’s property management automation software, Origin, streamlines accounting, leasing, inspections, maintenance, and repairs, all across a single, integrated platform. When on-site issues arise, expert Darwin property managers are dispatched automatically, and all operations are tracked.

“Single-family rentals are among the most attractive yet untapped asset classes in the U.S. today, offering similar performance to the S&P 500 over the past 25 years with significantly less volatility. But, until now, managing these rental properties could be excruciating – ownership struggling to find reliable and professional local property managers in a highly fragmented industry.” – Ryan Broderick.

“Unlike most property management companies, Darwin’s use of automation and software are reimagining how easy it can be to own a single-family rental. Darwin’s focus on technology coupled with Ryan and Zach’s experience building an operationally heavy tech company at DoorDash make them ideally suited to building a massive business in this space.” – Mike Ghaffary, General Partner at Canvas Ventures.

The Series A funding will be used to expand the company’s service to new locations, beginning with Florida, Ohio, Tennessee, Colorado and North Carolina.