Livly, a company specializing in technology solutions for residential property management, has secured $10 million in its latest investment round. The funding is intended to support new initiatives aimed at improving net operating income for developers, property managers, and third-party management firms.
According to CEO Alex Samoylovich, the company is focused on providing a platform that adds value for all stakeholders involved in multifamily properties. He emphasized that the new funding will help Livly broaden its market reach and further develop its product offerings to better serve residents, property owners, and operators.
The investment will allow Livly to enter new markets and continue developing advanced technology solutions that enhance the resident experience and streamline property management. Planned upgrades include more comprehensive access and IoT integrations, as well as expanded AI capabilities in areas like maintenance, virtual tours, and sentiment analysis.
Executive Chairman Brian Duggan expressed satisfaction with the level of investor support, stating that the funding reinforces Livly’s role in the prop-tech sector. He added that the company will use the investment to maintain its focus on delivering solutions that raise the standard for the multifamily housing industry.
Livly’s technology platform provides a streamlined, digital approach to property management. Through Livly’s app, property operators can efficiently manage various tasks such as community events, resident communications, maintenance requests, package deliveries, rent payments, and amenity reservations. Additionally, the platform offers AI-powered tools for maintenance, analytics for predicting lease renewals, and overall sentiment tracking, all designed to boost operational efficiency.
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By Proptechbuzz
By Ravi Kumar