""Multifamily real estate is a $2.5 trillion asset class, yet it captures only a fraction of the $10 trillion living economy around it," Or Bokobza, cofounder and CEO of Venn, said in a statement."
""Venn is changing that by helping owners and operators move from a transactional, low-margin model to one that behaves like a true consumer brand with stronger, more durable margins.""
Venn raised $52 million in Series B funding led by NOA and CIM Group, with participation from Group 11, Oren Zeev, Hamilton Lane, Latitude, LocalGlobe, and FinTLV. Founded in 2017, Venn has now raised a total of $140 million. Venn's software automates applications, lease management, payments, maintenance requests, and other property management tasks. The platform expanded across more than 30 states over the past 18 months and secured contracts with Related, Bozzuto, CIM Group, and Veris Residential. Venn is headquartered in New York, with product and R&D teams located in Tel Aviv. Valuation was not disclosed.
Read at Business Insider
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