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ApartmentIQ raises $25M follow-on to expand multifamily AI products
The funding follows a 2021 Series B led by Susquehanna Growth Equity, and ApartmentIQ said it has surpassed 8 million customer units.
ApartmentIQ, a multifamily data company that now markets itself as a real time market intelligence, revenue management and AI platform, announced it has secured a $25 million follow-on funding round.
Susquehanna Growth Equity funded the round, after leading ApartmentIQ’s $22.5 million Series B financing in 2021, when the company was known as Rentable. ApartmentIQ also said it has surpassed 8 million units in its customer base.
The company said the new capital will support continued hiring across its engineering, data, product, and go to market teams, and that it will build on recently launched offerings. ApartmentIQ plans to expand Explore Pro, a market research tool for acquisition, asset management and redevelopment decisions, and Daylight, a revenue management product powered by public data collected through its platform.
ApartmentIQ also announced it has launched MavenAI, described as its first major step into agentic AI, with the software intended to uncover insights and take marketing actions on behalf of operators. MavenAI is designed to use AI to write posts for social and Google Business pages, and update pricing and availability using integrations with property management software.