Modern living requires modern software, and Livly wants to be the company to build it.
On Thursday, the Chicago-based startup announced it raised $8 million in new funding, which it hopes to use to fuel future growth.
Livly develops mobile and web-based apps for multifamily homes and property managers. Through these apps, residents can do things like pay rent, set up renter’s insurance, read move-in onboarding documents, request maintenance, get notified when packages arrive and more. Meanwhile, its online community feed acts like a private social network for a building’s residents. All of these options are accessible through the company’s unified platform, making things simpler for property managers and residents alike.
Livly is currently available in over 10 U.S. cities, but the company says this new funding will help it expand to even more markets. The startup will also use this funding to add new tech features to its platform.
“We’re very fortunate to have such strong support for our vision from both institutional and strategic investors, who position Livly as one of the best capitalized startups in this burgeoning industry,” CEO Brian Duggan said in a statement. “This investment round is a vote of confidence from the private markets in our unique ability to create substantial value for our clients in the multifamily industry.”
