4/2/2023 0 Comments Meld property![]() Advances in artificial intelligence and other technologies will allow us to bring new insights and efficiencies that were not possible just a short time ago,' says David Kingman, CTO and Co-founder of Property Meld. 'This additional funding will drive continued innovation allowing us to double down on our industry-leading analytics, automation, and preventative repairs. ![]() ![]() 'Our decision to invest in Property Meld is rooted in their unique focus on the product and experiences that we believe will reshape the industry.' We are excited to partner with Property Meld as they continue growing and delivering value to customers,' says Matt Williams, Vice President of Frontier Growth. 'Property Meld has generated impressive growth and a unique ability to improve the maintenance process for its customers, which ultimately helps improve their overall net operating income. Property Meld also offers robust integrations with AppFolio, Buildium, Propertyware, and RentManager. Property Meld powers maintenance for industry leaders such as Evernest, HomeRiver Group, PURE Property Management, as well as Real Property Management, All County, and PMI franchises. Last year alone, Property Meld facilitated 1.7 million maintenance requests and nearly $550M in maintenance repairs, and the Company forecasts significant growth in 2023. Our customers experience significant improvement across these dimensions when using Property Meld to manage their maintenance process.' They also impact leasing costs and vacancy rates, as a poor maintenance experience is the number one reason for renter churn. 'Maintenance and repair costs are the highest, least optimized, and most controllable budget items for property management companies. 'Our growth and development over the past year demonstrate the need for a high-performing maintenance platform within the industry,' says Ray Hespen, CEO, and Co-founder of Property Meld. PROPERTY MELD ANNOUNCES $15M SERIES B FUNDING LED BY FRONTIER GROWTH ![]() As a result, Property Meld customers enjoy reduced maintenance costs and increased satisfaction from all stakeholders in the maintenance process. continue readingĪs a leading provider of property maintenance software with over 650 customers and over 450,000 units, Property Meld helps property managers optimize their maintenance process while also improving scheduling, billing, and communication with residents and maintenance vendors. This raise brings the company's total funding to $22 million and will support Property Meld's continued growth and product expansion. Additional investors include Vesta Ventures, South Dakota Equity Partners, and Badlands Capital. 25, 2023 /PRNewswire/ - Property Meld, a leading property maintenance software platform, today announced a $15 million Series B funding round led by Frontier Growth, a growth equity firm focused on high-growth software businesses. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |