Snag, a New York-based housing marketplace focused on sublets and flexible rentals, has raised $4 million in a seed funding round led by Slow Ventures. Precursor Ventures, Long Journey Ventures and Chamaeleon participated alongside angel investors Sloane Stephens and Brian Kelly. The financing was reported on September 22, 2026.
Founded in 2025 by Selin Sonmez and Nikos Georgantas, Snag is building a marketplace designed to help renters find sublets, rooms and more flexible housing arrangements. Andreessen Horowitz’s Speedrun profile lists the company as a New York-based consumer real estate and proptech startup.
The platform combines rental discovery with tools intended to add more structure and trust to transactions that often take place through social media and informal groups. Snag says users can verify identities, conduct video calls, use background and credit checks, and route payments through the platform. Its AI features can also help generate listings from property information and answer questions based on listing details.
Snag’s website currently offers sublet discovery across markets including New York, Los Angeles, Boston, San Francisco and Chicago. The company positions the service around helping users find trusted sublets and monthly rentals.
