Lula, a Kansas City, Mo.,-based smart property maintenance platform for single-family and multifamily rental owners, closed a $3m funding round.
The round was led by RET Ventures.
The company will utilize proceeds from the fundraise to continue the growth of the platform, expand its staff and roll out its technology in new markets across the U.S.
Led by Founder & CEO Bo Lais, Lula is a technology platform that streamlines the maintenance process for property managers and their tenants, reducing time spent on maintenance. It integrates with popular property management software solutions, thereby allowing maintenance coordinators and tenants to submit maintenance requests, which can then be evaluated and, if necessary, dispatched to on-site maintenance or a member of Lula’s large network of quality and fully-vetted contractors to complete the work.
The solution provides real-time updates, pictures, and service notes to all parties throughout the process — improving the resident experience, eliminating the need for multiple vendors, and reducing costs for property owners, managers, and real estate investors.
The company is currently utilized in more than 40,000 rental units in ten U.S. markets, including Kansas City, Houston, Denver, and Atlanta. The company has formed partnerships with numerous major owner-operators, investors and property managers, including Pathlight Property Management, AMG Asset Management Group, FirstKey Homes and HomeRiver Group.
FinSMEs
23/02/2022