Rezi

AUTOPSY REPORT

YC W17 rental platform that paid landlords upfront — sometimes $30K cash — then listed and rented the apartments themselves. Raised $200M in debt rounds during the proptech boom. When interest rates spiked, Rezi couldn't secure new financing and quietly shut down in early 2024, leaving landlord Leagem Properties to file a $49M foreclosure suit directly blaming Rezi's collapse . Proptech funding plummeted from $32B in 2021 to $11.4B in 2023, and Rezi was caught in the middle with a debt-heavy model that only works when money is cheap. Founder Sean Mitchell launched a new startup called Ryse. The $200M evaporated.

TIMELINE

SOURCES