Livly Announces $10 Million Financing Round to Digitally Transform the Multi-Family Rental Experience
Livly has created the operating system for physical spaces, giving control of a property's digital environment, reputation and associated revenue back to property owners and managers, while providing renters with a unified digital rental experience
CHICAGO, March 12, 2019 /PRNewswire/ -- Today, Livly, the creator of the operating system for physical spaces, announced its official company launch, bringing to market a modern approach to the multi-family rental experience, backed by $10 million of seed funding. The investment was led by Pritzker Group Venture Capital, Navitas Capital, and JLL Spark. An additional syndicate, including The Related Group, Golub & Company, and CA Ventures, will be part of the company's rollout plan.
Today's property management environment, from its approach to its tools and software, is out -dated. Property owners pay for several third-party apps and other related services renters use to simplify their lives. Additionally, property managers don't have a unified view of what is needed across their properties, whether it is efficient staff management or organizing service requests. Meanwhile, renters are getting irritated and lost in their complex digital environments, struggling to keep track of the dozens of apps that are supposed to coordinate and ease their lives.
With today's launch, Livly unlocks new revenue streams for property owners and managers, by monetizing physical and digital transactions within a building while offering a one-stop seamless app-based digital experience for the renters. Based on a two-year private beta in Chicago, today's go-to-market offering has been built on a foundation of real-world data and feedback.
"Livly is poised to disrupt the antiquated real estate environment found in every city today," said Gabe Greenbaum, Partner at Pritzker Group Venture Capital. "Livly's founders built their careers in the real estate, development, technology and design industries, which brings property owner, manager and tenant-centric mindsets to the table. They identified the need for a radical, new approach and then built the technology that is going to radically change the industry."
"Livly is creating a technology-driven model for multifamily in commercial real estate that activates dead spaces with new revenue streams and delights tenants and owners with premium, digital experiences," said Mihir Shah, Co-CEO at JLL Spark. "We're thrilled to add Livly to our portfolio of proptech companies moving the industry forward."
"Livly is a game changer for property owners and managers," said Matt Allen, Executive Vice President and Chief Operating Officer of The Related Group. "Not only does Livly offer additional revenue streams to property managers, such as affiliate revenue from renter's insurance and credit card transactions, the company also helps properties gain new revenue from rethinking and transforming shared and dead space in their buildings into monetized spaces."
This launch provides property owners with the ability to offer an end-to-end rental experience platform. Livly's platform lets property owners customize unique digital experiences within a single application, empowering owners to create a unified digital journey that maps their unique processes, including: rental payment, a two-click option for renter's insurance, real-time chat-based scheduling of maintenance and in-unit package deliveries. Gone are the days of running paper checks down to the manager's office, waiting around at home to receive and sign for a package or finding time to return a service phone call. Forthcoming are on-demand essentials like custom grocery deliveries, wash and fold laundry, tailored housekeeping services, accessible co-working spaces, keyless mobile-based entry and more.
"Today's renters have high expectations for each of their digital interactions," said Alex Samoylovich, Founder and Co-CEO, Livly. "From discovery and application, to move in and life in the building, every technology touchpoint produces a positive or negative outcome. We aim to bring joy back to the renter experience, while bringing lost and new revenue as well as a positive reputation back to property owners and managers."
Livly integrates with multiple property management systems. Livly's offering lets property managers manage staff and renter requests to deliver better service. Over the next several quarters, Livly plans to roll out its software to its strategic partners, nationally, and has launched an early-access program for additional building owners and management companies.
About Livly Livly focuses on unlocking new revenue streams for property owners and managers by monetizing physical and digital transactions within the property ecosystem, while renters receive a unified, one-stop and seamless digital rental experience. Livly's founders built their careers in the real estate, development, technology and design industries, which brings property owner, manager and tenant-centric mindsets to the table, looking to find a sustainable solution to manage daily pain points and redefine the multi-family rental experience. For more information please visit: www.livly.io