Snag raises $4M seed to build a marketplace for lease takeovers

What's the deal? SnagDealroom has a profile for this one. Try Dealroom →, a Brooklyn-based housing marketplace and rental discovery platform, has raised $4 million in seed funding. Slow Ventures led the round, with participation from Precursor VenturesDealroom has a profile for this one. Try Dealroom →, Long Journey VenturesDealroom has a profile for this one. Try Dealroom →, and Chamaeleon, alongside angels Sloane StephensDealroom has a profile for this one. Try Dealroom → and Brian KellyDealroom has a profile for this one. Try Dealroom →.

What's the endgame? Founded in 2025 by Selin Sonmez and Nikolas Georgantas, Snag runs an AI-powered platform that connects renters directly with verified sublets and lease takeovers. The software plugs into residential real estate registries to ingest and background-verify leasing contracts, cutting out traditional broker overhead.

The product: Snag uses algorithmic listing verification, automated document handling, and secure application matching to run a secondary marketplace for residential leases. Departing tenants can reassign active apartments; incoming renters get rapid access to verified, non-traditional short-term housing.

What's next? Snag will use the capital to expand its engineering and data operations teams, scale automated inventory-verification features, and accelerate user acquisition across major metropolitan rental markets.

The signal: At $4 million, the round lands in the upper tier of seed deals — a signal that investors see room to disrupt the broker-heavy rental market. The backing of firms like Slow Ventures and Precursor suggests early conviction in software that automates one of housing's most friction-filled transactions.

Read more: finsmes.com

Image credit: snag