Leonardo247, a Los Angeles, CA-based solutions for remote monitoring of onsite multifamily operations, raised $9.5m in funding.
The round was led by Level Equity. In conjunction with the funding, Charles Chen, Partner at Level Equity, will be joining Leonardo247’s board of directors.
The company intends to use the funds to accelerate growth and expand into other commercial real estate markets.
Led by Daniel Cunningham, Founder and CEO, Leonardo247 provides a SaaS based remote performance management software platform that streamlines operations for real estate managers by delivering daily guidance to onsite operations teams and offers management executives real-time visibility into activities at their properties. The solution automates maintenance schedules, inspections, work orders, communication, policies, procedures and best practices in apartment operations from any digital device. Operators use Leonardo to remotely manage the day-to-day activities onsite and get real-time visibility into what work is occurring and when it’s completed.
The company has more than 3,500 properties throughout the U.S. being monitored on their platform daily.