Startup Beat

A Portland startup that allows property owners to manage their real estate is selling for a pretty penny. According to the Oregonian, owners of the startup known as Cozy that is based out of North Portland are getting $68 million for their popular rare tech app from CoStar.

Promising to “make renting easier for landlords and renters everywhere,” the app gives real estate owners an easy way to communicate with tenants through every step of the housing process. First, it allows owners to easily market their properties, then they can choose from those who have applied to live there, and finally, receive automatic bill payments and keep track of contracts.

The app was founded in 2013 in San Francisco but later moved its headquarters to the Pacific Northwest. The buyer CoStar is a company based in Washington D.C. that also deals in commercial real estate management and information.

“Cozy’s technology makes

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