HappyCo, a San Francisco, California and Adelaide, Australia-based residential operations platform for real-time rental property condition data collection and utilization, raised $52M in funding.
The round was led by Camber Creek, with participation from The BAM Companies, Berger Rental Communities, Bonaventure, CA Ventures, Continental Realty Corporation, Embrey Partners, Klein Enterprises, Koman Group, Mark-Taylor, Masco Ventures, Pier 88, Standard Communities, Strata Equity Group, Vesta Ventures, and Wermers Companies.
The company intends to use the funds to expand its platform and add new services.
Founded in Australia in 2011 by Jindou Lee and Andrew Mackenzie-Ross, HappyCo is a real estate software company that develops mobile and cloud solutions to enable real-time operations data for property managers, asset managers, lenders and investors. Its software suite includes condition assessment and workflow tools with in-unit data on over 3.5 million rental homes. The company provides vital underwriting information to lenders, investors and asset managers, and empowers property managers with real-time operational tools and reporting.
Current customers include Freddie Mac; lenders such as Walker & Dunlop, Berkadia, and Greystone; real estate investors, including CA Ventures and Maxus Properties; and property managers such as Cushman & Wakefield and AMC.