Resident Experience Company Alfred Raises $42 Million

By Annie Baker ● Oct 20, 2020
  • Alfred — a leading end-to-end resident experience company — announced it closed on about $42 million in Series C funding

Alfred — a leading end-to-end resident experience company — announced it closed on about $42 million in Series C funding with participation from initial investor Spark Capital. And prior investors New Enterprise Associates (NEA) and Greystar, and new investor166 2nd LLC (the family office of Adam Neumann). Now serving over 100,000 homes in 20 markets across the United States, Alfred is now poised to capitalize on its momentum, strategically grow its team and operations, and capture market share at a time when demand for its in-home and domestic services is at a record high.

“COVID-19 has catalyzed change in consumer habits and technology use at an unprecedented pace for all of us, compelling a reexamination of how we interact with one another and placing a renewed emphasis on the importance of the home,” said Alfred CEO and co-founder Marcela Sapone. “These recent months have reinforced the values of connectivity and community investment that serve as a foundation for our company. This most recent raise provides us with the financing needed to grow in sync with the expanding in-home economy. We are grateful for the support of our investors, both existing and new, and the confidence they have placed in our strategy, platform, and vision.”

The success of this funding round is a testament to Alfred’s impact on the real estate industry over the past 6 years, pioneering new solutions for residential living with long-term investments in local entrepreneurship and neighborhood development. And it is also a reflection of the company’s trajectory for growth in light of the rapidly increasing demand for residential services and in-home technology during the current global health crisis and beyond.