AppFolio takes $22M for property management software
AppFolio makes software for property managers and the real estate business, designed to track details like applications, vacancies, work orders and accounting.
The Santa Barbara, Calif.-based company is based on a software-as-a-service model to reduce the need for special training, and can also be used in the field on mobile devices.
BV Capital led the $22 million round, according to socalTECH. Other investors included Cisco and the Investment Group of Santa Barbara. It was the year-old company’s second funding; the first, for $5 million, was led by Bertelsmann Venture Capital.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.