Revolution RE Broadcasts $3M in Funding for Rental Property Knowledge Platform | Enterprise

Rivai H Tukimen

LOS ANGELES–(BUSINESS WIRE)–Jun 8, 2022–

Revolution RE, Inc. (previously JoyHub, Inc.), a software-as-a-service (SaaS) based mostly information aggregation and analytics platform for the residential rental actual property market, at the moment introduced it has efficiently closed on a $3M funding spherical.

The capital increase included participation by twenty ninth Avenue Ventures, a division of multifamily investor 29th Street Capital, Moderne Ventures, Techstars, PLG Ventures, Silicon Badia, Jason Calacanis’ LAUNCH fund and The Syndicate, Ray Wirta (former CEO of CBRE), Marc Randolph (Netflix co-founder and first CEO), Sandy Sigal (CEO of Newmark Merrill), Carl Chang (CEO and founder at Kairos Funding Administration) and Chris Fraley (CIO of RealtyMogul). The funding will probably be used for product growth, in addition to advertising and gross sales efforts.

Revolution RE gives actual property firms a full-stack information technique to entry info from any supply, combination and current important insights, and retailer the info securely in a knowledge warehouse. Homeowners and managers can considerably streamline present reporting choices to buyers and shoppers and produce groundbreaking predictive working fashions with Revolution RE.

“Residential rental properties – whether or not they’re house buildings, single-family dwelling leases, senior or pupil housing – generate large quantities of knowledge from a mess of various sources,” stated Elizabeth Braman, Revolution RE’s CEO. “Immediately, many actual property firms preserve their information in varied siloed methods in a wide range of codecs, which makes it tough to view properties and portfolios holistically. Consequently, important stakeholders – from buyers to asset managers, property managers and acquisitions groups – battle to appreciate the total potential of their very own information. Unlocking this useful resource presents an amazing alternative to provide actionable insights, which empowers operators to generate higher property returns and supply a superior housing expertise for his or her residents and communities.”

The funding announcement marks the corporate’s second vital milestone in latest weeks after efficiently receiving its Programs and Organizational Management (SOC) 2 Sort II Audit for Knowledge Safety. An unbiased audit accomplished by Dansa D’Arata Soucia LLP confirmed the Firm’s controls met the rigorous SOC 2 requirements for safety as developed by the American Institute of Certified Public Accountants (AICPA).

Revolution RE has greater than 60,000 items on the platform and serves the wants of actual property firms throughout North America.

ABOUT REVOLUTION RE:

With a imaginative and prescient to raise visibility into at the moment’s residential property lifecycle, Revolution RE gives actual property firms with cost-effective instruments to unlock the worth of knowledge generated. Revolution RE presents operators a secure, compliant and scalable information platform with which to fulfill operational and asset administration wants. To search out out extra about how Revolution RE helps high homeowners and managers of house and rental property portfolios with information insights, please go to RevolutionRE.com.

View supply model on businesswire.com:https://www.businesswire.com/news/home/20220608005213/en/

CONTACT: Stacey Gaswirth

GoPR

[email protected]

214-213-4675

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE SOFTWARE CONSTRUCTION & PROPERTY DATA MANAGEMENT TECHNOLOGY REIT OTHER TECHNOLOGY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Revolution RE, Inc.

Copyright Enterprise Wire 2022.

PUB: 06/08/2022 08:11 AM/DISC: 06/08/2022 08:11 AM

http://www.businesswire.com/news/home/20220608005213/en

Copyright Enterprise Wire 2022.

https://www.valdostadailytimes.com/information/enterprise/revolution-re-announces-3m-in-funding-for-rental-property-data-platform/article_8fa8d4f6-b4d2-5998-9c0b-cf4cb014bf24.html

Next Post

5 issues to know earlier than the inventory market opens Thursday

Listed here are an important information, traits and evaluation that buyers want to start out their buying and selling day: 1. Futures basically flat following Wednesday’s declines Merchants work on the ground of the New York Inventory Alternate (NYSE) in New York Metropolis, June 3, 2022. Brendan McDermid | Reuters […]