Alfred, a New York-based residential technology company, raised $125M in funding.
The company also announced the strategic acquisition of RKW Residential, a Charlotte-based property management firm in the Southeastern U.S. The acquisition, Alfred’s first in the property management space, speeds adoption of Alfred Operating System (AOS) to RKW’s 30,000 single-family and multi-family rentals in cities including Miami, Charlotte and Atlanta.
The round, which consists of a $50m initial closing and access to up to an additional $75m for future acquisitions, was led by Rialto Capital with participation from NEA, 166 2nd Financial Services, and Holland Management, joined by Greystar Founder and CEO Bob Faith, Grubhub/Seamless Founder Jason Finger, and RKW Co-founder Jay Massirman.
Founded in 2014 by Marcela Sapone and Jessica Beck, Alfred is an advanced residential management platform provider which already serves over 143,000 units across 44 markets in the U.S. and Canada. With Alfred’s residential management software, AOS, owners and operators have a single stop to support all aspects of residential living including resident management and communication, management of on-site operations and maintenance, payments, and unique community and resident wellness amenities. Solutions include everything from smart package integrations, digital lease signing, utility and energy management, predictive insight into health and maintenance of a building, white glove moving services, vendor and integration management, renewal boosters and resident retention offerings. AOS will continue being available to all Alfred partners.
RKW is Alfred’s fourth acquisition. Previous acquisitions include HOM, a wellness and events platform; Bixby, property management technology essential to developing the AOS platform; and WunWun, an on-demand service platform.
FinSMEs
09/03/2022