Tech startup that makes Nest for multifamily landlords raises $32M

A real estate tech startup that gives multifamily landlords the ability to control their building’s operational systems with their phones has raised $32 million.

In a series B funding round, SmartRent said Wednesday that it received investment from Bain Capital Ventures, RET Ventures and multifamily landlords including UDR Inc., Essex Property Trust and Barry Sternlicht’s Starwood Capital.