Multisite Property Management Company SMS Assist Raises $150M in Series D Funding

smsassistSMS Assist, a Chicago, IL-based mobile and cloud-based multisite property management company, raised $150m in Series D funding.

Goldman Sachs Investment Partners made the investment.

The company intends to use the funds to continue developing the technology and capabilities.

Led by Michael Rothman, chairman and CEO, SMS Assist provides a cloud-based multisite property management software to clients with more than 120,000 service locations. Using its platform to manage its network of more than 20,000 affiliate subcontractors, the company offers a suite of property management benefits including leveraged pricing of products and services, $30 million risk indemnification, real-time services validation, instant invoicing, automatic service audits and data analysis.
The solution is used by national and Fortune 500 companies including Family Dollar (NYSE: FDO), JPMorgan Chase (NYSE: JPM), Jones Lang LaSalle Incorporated (NYSE: JLL), O’Reilly Automotive, Inc. (NASDAQ: ORLY) and Colony Starwood Homes (NYSE: SFR).

SMS, which now employs more than 550 people, is also backed by Insight Venture Partners and Pritzker Group Venture Capital.



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