Piñata Raises $13M in Series A Funding
- Piñata, a Newark, NJ-based proptech startup, raised $13M in Series A funding
- The round was led by Wilshire Lane Capital with participation from Ron Moelis, Chairman & Co-founder of L+M Development Partners
- As part of the fundraise, Adam Demuyakor, Founder and Managing Partner of Wilshire Lane Capital, will be joining the company’s board of directors
- The company, which has raised $20m in total to date, intends to use the funds to widen its audience of rental users and property management company partners
- The platform provides a rewards and credit building membership program for renters
- The company has already emerged as a leader in the renter rewards space
