Property management startup AI MeetElise raises $ 23.5 million in Series B

MeetElise said the new funds will be used for hiring, product expansion and moving the company into adjacent verticals. In total, MeetElise has raised $ 32 million in funding.

Proptech artificial intelligence rental software platform MeetElise has raised $ 23.5 million in a Series B funding round, the company said Thursday.

Tony Stoyanov | Credit: LinkedIn

The round was led by Navitas Capital and JLL Spark with participation from AvalonBay Communities, Equity Residential, Cushman and Wakefield, Moving Capital, DivcoWest, RMS Investment Group and other partners.

MeetElise said the new funds will be used for hiring, product expansion and moving the company into adjacent verticals. In total, MeetElise has raised $ 32 million in funding.

“MeetElise’s superior technology and its measurable customer benefits have resulted in tremendous growth, making the company the premier enterprise AI startup for commercial real estate,” said Travis Putnam, Co-Founder and Partner director of Navitas Capital, in a statement. “Starting with leasing in the multi-family segment, MeetElise has an exciting vision to bring the benefits of conversational AI and automation to the entire commercial real estate industry. “

Song of Minna | Credit: LinkedIn

The proptech company was founded in 2017 by software engineers Minna Song (now CEO) and Tony Stoyanov (now CTO). Today, it serves approximately 650,000 units across the United States, working with small and medium-sized businesses, as well as large property management firms such as Greystar, Lincoln Property Company and Buzzuto Management. Elise, the company’s AI assistant, has made such inroads with tenants, reports the company, that they “even asked her for appointments or sent her gift cards for her hard work. to help them “.

The company also boasts that its sophisticated white glove service through its AI technology is on par with that of a “high quality rental agent”. It allows potential tenants to move through the main funnel and schedule unit visits without any human interaction. MeetElise has already started exploring other real estate verticals and has now achieved 275% year-over-year growth.

“Our company’s mission is rooted in our passion to make the world a better place than we found it,” Song said in a statement. “The housing industry needs more technology to solve issues like affordability, experience and quality of housing. Automation is the only way to effectively scale housing operations.

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