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Increasing rent payments aren’t the only thing fueling the rental industry’s current growth cycle.
Venture capital continues to fill the coffers of so many proptech providers emerging to support the growing business needs of apartment developers, managers and leasing agents.
The latest startup to secure funds from a collective of opportunistic investors is the woman-founded and led Revolution RE.
The data aggregation and workflow automation company received a relatively modest monetary injection when compared to recent announcements in this milieu: $3 million.
Nevertheless, the funds will be put to use fine-tuning the product and of course, selling it, according to a company announcement.
Investors contributing to Revolution RE’s funding include 29th Street Ventures; Moderne Ventures; Techstars; PLG Ventures; Silicon Badia; Jason Calacanis’ LAUNCH fund and The Syndicate; former CEO of CBRE Ray Wirta; Netflix co-founder Marc Randolph; Newmark Merrill CEO Sandy Sigal; Carl Chang, CEO and founder at Kairos Investment Management; and Chris Fraley, CIO of RealtyMogul, for who Revolution RE Founder and CEO Elizabeth Braman previously worked.
“Today, many real estate companies maintain their data in various siloed systems in a variety of formats, which makes it difficult to view properties and portfolios holistically,” said Braman. “As a result, critical…