Ikos has raised $4 million in new capital, led by Draper Triangle Ventures. The Pittsburgh-based tech company has been working to simplify the residential leasing process for landlords and renters in seven markets across the U.S.

The round includes new investors ValueStream, a New York City-based growth fund, as well as existing regional investors Birchmere Ventures and Riverfront Ventures.

Since launching in late 2016, Ikos has rented thousands of properties in seven markets including, Chicago, Washington, Philadelphia, Pittsburgh, Baltimore, Cleveland and Milwaukee, and now works with tens of thousands of renters each month.

After outgrowing its downtown Pittsburgh office, the graduate of nationally ranked accelerator AlphaLab moved into a new space in Oakland. In addition, the company plans to expands product functionality, add new residential real estate services, grow both staff and partnerships to expand its reach, and make more substantial investments in brand-building.