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        iRestify, a Toronto-based property maintenance platform, has raised CAD 6 million (~USD 4.7 million) in seed funding led by Erifili Morfidis and Charlotte Gummesson with participation from EDC, Joint Effects, Birchmere Ventures, and Converge. iRestify&rsquo;s total funding now stands at USD 8.1 million.
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        Following the soft launch in New York, the company plans to utilize the funding to support its geographic expansion and increase the platform's operational footprint across the US.&nbsp;
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  <p>
    <a href="https://www.prnewswire.com/news-releases/canadian-proptech-irestify-raises-6-million-in-latest-funding-round-to-pursue-expansion-plans--brings-innovative-all-in-one-saas-to-us-market-301498656.html">
      Company press release
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Residential PropTech

iRestify raises CAD 6 million in seed funding

PROMINENT_CATEGORY

<div>
 
 <p>Thumbtack, a digital platform linking homeowners and home improvement professionals, has formed a partnership with TownSq, a solution provider for Homeowners Association (HOA) communities.</p>
 <p>This collaboration allows homeowners in TownSq communities to effortlessly locate and hire local professionals via the TownSq app, thanks to its integration with Thumbtack’s network of 300,000 service providers.</p>
 <p>This integration also enhances TownSq's Omni Search feature, enabling users to submit specific home maintenance requirements and promptly receive a list of nearby professionals. Thumbtack’s integration lets users compare ratings, validate licenses, and review actual project photographs on a single platform.</p>
 
</div>

TownSq partners with Thumbtack to facilitate local professional hiring through integrated app

<div>
 
 <p>The Dutch PropTech company, iDWELL, has obtained EUR 10 million (~USD 10.7 million) in funding from Knight Capital, in addition to support from current international investors including Flashpoint Venture Capital and Wecken &amp; Cie.</p>
 <p>The raised funds will be utilized to reinforce the company's position within the real estate management market, develop AI-aided solutions to enhance efficiency, and broaden its financial and insurance services.</p>
 <p>Established in 2017, iDWELL offers a property management platform that aids over 750 property management businesses across Germany, Austria, and Switzerland, managing more than 1.5 million residential units.</p>
   
</div>

iDWELL raises EUR 10 million to enhance property management solutions

<div>
 
 <p>MagicDoor, an AI-powered property management platform, aims to streamline various functions related to property management. This initiative could lead to increased efficiency and cost reduction for property managers.</p>
 <p>They offer an all-in-one subscription costing $2.50 per unit per month, with no hidden charges such as additional fees or onboarding costs.</p>
 <p>The company has successfully raised over $2 million during its pre-seed funding phase. The funds will be used to improve the platform's features, sales, and marketing strategies, as well as enhance the onboarding process for clients.</p>
 
</div>

MagicDoor launches AI-powered property management software

ANALYST_QUICK_TAKE

<div>

<p>AppFolio, a rental property management platform, recently launched AppFolio Realm-X, an embedded GenAI solution aimed at helping property managers automate routine tasks and enhance communication. This follows its beta launch in June.</p>
 
<p>The Realm-X system has three primary features; Realm-X Assistant, a modern co-pilot designed to handle ad-hoc tasks like producing reports and managing vendor interactions. Second is the Realm-X Messages, a revamped inbox that helps property managers better organize resident communications. Lastly, Realm-X Flows is a workflow automation engine crafted to assist teams in standardizing processes thereby improving speed, efficiency, and consistency.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> The announcement was made at AppFolio’s “FUTURE:<br>
 The Real Estate Conference,” where the company also introduced <a href="https:<br>
//sp-edge.com/updates/35271"> new products and features </a> , including FolioSpace, a resident experience platform for property managers, and LiveEasy, a concierge platform for moving and home services.</p>

AppFolio announces general availability of GenAI-powered workflow automation solution 'Realm-X'

<div>

 <p>Residential rental management platform, DoorLoop has secured USD 100 million in a Series B funding round. The entire funding was provided by American investment fund, JMI Equity, elevating the company's valuation to around USD 500 million. DoorLoop's total funding now stands at USD 130 million.</p>
 <p>The company plans to utilize the raised funds majorly for expanding its workforce in Israel, intending to boost the employee count from the existing 160 to 400 in the coming three years.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> DoorLoop's previous funding round took place in September 2022, raising USD 20 million in a <a href="https:<br>
//sp-edge.com/updates/13195"> Series A </a> round. The funds were allocated to platform development, marketing initiatives, team expansion, and international growth.</p>

DoorLoop raises USD 100 million in Series B funding at USD 500 million valuation

<div>
 
 <p>Mave, an AI assistant provider for real estate agents and brokers, has raised a pre-seed funding of CAD 2 million (USD 1.4 million). The funding round was led by Relay Ventures and N49P and saw participation from Alate Partners, Clarim Ventures, and Gambit Partners, along with several angel and strategic investors.</p>
 <p>The funds will be used by the company to expand its operations and reach in the business sector.</p>
 <p>Furthermore, the company has rolled out its beta program for agents and brokers, gaining interest from over 6,000 real estate agents across more than 90 brokerages. A total of 1,000 agents from this group have been chosen to partake in the beta program.</p>
 <p>Mave, based in Canada, offers an AI assistant that is tailored for real estate operations. It automates tasks and handles the marketing and operational activities related to transactions. The AI assistant aids real estate agents in researching property data, designing marketing materials, and communicating with clients.</p>
 
</div>

Mave raises CAD 2 million in pre-seed funding; launches beta program for AI assistant for real estate agents and brokers

<div>
 
 <p>Inspectify, a property inspection platform, has raised USD 5.3 million in a funding round led by Munich Re Ventures. This thrusts Munich into the position of being Inspectify's largest external shareholder, and increases the company's total funding to USD 23 million.</p>
 <p>This funding injection will be used by Inspectify for various purposes, including accelerating its platform's development, expanding the offerings of Hartford Steam Boiler to clients, and rolling out their inspection warranty across a wider range of clientele.</p>
 <p>Launched in 2019, Inspectify boasts a network of over 6,000 inspectors. The firm provides a full-year warranty for repairing or replacing equipment found functional during inspections at no extra cost to homeowners, but this benefit is currently only available in select states.</p>
 
</div>

Inspectify raises USD 5.3 million in funding from Munich Re Ventures

<div>
 
 <p>Rental property management platform, AppFolio, has introduced FolioSpace, a platform designed to offer a seamless experience for both property managers and renters. This platform is complemented by the acquisition of LiveEasy, a moving and home services concierge platform. All of these services will be available to AppFolio's existing customer base of 20,000 property management clients.</p>
 <p>FolioSpace aims to streamline the process from the renewal application stage for renters, offering a unified user experience. The integration of LiveEasy's services into FolioSpace's Resident Onboarding feature showcases this.</p>
 <p>By integrating these services, AppFolio is looking to alleviate the stress usually associated with moving. It also looks to offer increased convenience for renters while providing them with potential cost and time savings.</p>
 
</div>

AppFolio launches FolioSpace and acquires LiveEasy

INCUMBENTS_PRESENT

<div>
 
 <p>Zillow, a comprehensive real estate platform, has teamed up with Realtor.com to share interactive content like 3D Home tours, floor plans, and photos on both websites.</p>
 <p>This partnership provides real estate agents an opportunity to display their listings with virtual content, including AI-created interactive floor plans and 360-degree views, on both platforms.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This collaboration expands on their earlier 2024 agreement <a href="https:<br>
//sp-edge.com/updates/27359"> , which involved integrating Realtor.com </a> to provide a broader selection of rental properties across both platforms.</p>

Zillow partners with Realtor.com to share 3D home tours and interactive listing media

<div>
 
 <p>Online real estate marketplace provider CoStar Group has decided to acquire Visual Lease, a platform for lease management and accounting software. The sum involved in the deal hasn't been disclosed. </p>
 <p>The merger will encompass CoStar Group's Real Estate Manager business line with Visual Lease's portfolio management capabilities. The objective of this collaboration is to amalgamate CoStar's data and analytics and Visual Lease’s management abilities to deliver superior lease management and accounting solutions. Additionally, this merger seeks to cater to a wider range of customers both nationally and internationally.</p>
 <p>Since its inception in 1996, Visual Lease has been dedicated to providing comprehensive lease management, accounting, and reporting solutions. They cater to over 1,500 organizations spread across various sectors, including business services, construction, healthcare, manufacturing, and retail. The platform constructed by Visual Lease is crucial for companies to efficiently manage their leased as well as owned assets through an integrated, unified system.</p>
 
</div>

All Updates

iRestify raises CAD 6 million in seed funding

TownSq partners with Thumbtack to facilitate local professional hiring through integrated app

iDWELL raises EUR 10 million to enhance property management solutions

MagicDoor launches AI-powered property management software

AppFolio announces general availability of GenAI-powered workflow automation solution 'Realm-X'

DoorLoop raises USD 100 million in Series B funding at USD 500 million valuation

Mave raises CAD 2 million in pre-seed funding; launches beta program for AI assistant for real estate agents and brokers

Inspectify raises USD 5.3 million in funding from Munich Re Ventures

AppFolio launches FolioSpace and acquires LiveEasy

Zillow partners with Realtor.com to share 3D home tours and interactive listing media

CoStar Group to acquire Visual Lease for undisclosed sum

Residential PropTech

iRestify raises CAD 6 million in seed funding

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