Portland based rental management software company Cozy has raised an $8.5m Series B led by American Family Ventures.
“We are sitting on a mountain of data that we currently aren’t utilizing,” Zahnd said. “We never had a product manager. We take a collaborative approach to product management but we are at a point that we have so many products and things going on we need someone that is focused on what product management means at Cozy.” Zahnd expects the company will employ 30 people by the end of the year. The new funding round is expected to last the company through its goal of cash flow break-even or profitability, Zahnd said.