Real estate technology accelerator MetaProp NYC has announced flexible leasing platform Flip will be the anchor startup for MetaProp NYC’s 2016 Accelerator class. The open application period for its 2016 class starting May 1, 2016.
“As the first peer-to-peer property leasing marketplace, Flip is excited to work with MetaProp NYC to build meaningful partnerships with landlords and brokerages in New York City and throughout the country,” said Flip’s co-founder and CEO Susannah Vila.
MetaProp NYC’s 22-week New York City based program is focused on driving business growth and accelerated market penetration. The program will include up to $250,000 in financing per selected company along with curated access and introductions to decision-makers, pilots, global investment capital and the media.
Anchor startup Flip will be the cornerstone of the 2016 class. The Manhattan-based startup has grown quickly since launching in December, with more than 1,500 leases posted on its platform and over 300 leases Flipped.
“We’ve had our eyes on Susannah for a while now,” said Aaron Block, Co-Founder and Managing Director, MetaProp NYC. “She’s attacking an enormous problem familiar to many renters — the inflexible, long-term lease. For the first time ever, residential and commercial tenants can flip their leases to other qualified tenants. I can’t wait for the Flip to become part of our industry’s regular vernacular.”
Monika Wysocki, the recently hired general manager of the accelerator, added: “Flip is exactly the kind of company we want to work with: strong team, great technology and a massive addressable market. We’re also incredibly excited to have our first female founder in the program.”
Vila added: “I built this company because I wanted a more flexible way to lease, and I’ve been thrilled with the degree that it’s resonated with other people over the course of the past year. MetaProp NYC’s Accelerator will help provide us with the real estate access, intelligence and exposure to maximize our growth as we continue to build relationships with top landlords. Already, our pilot partnership with TF Cornerstone is the result of MetaProp’s efforts.”
Open applications to fill the remainder of the 2016 class will be available online until July 31. MetaProp NYC will finish reviewing applications by August 10, 2016, and notify all applicants of their status by August 15, 2016. More information on the application process and requirements is available at www.metaprop.org/apply.