InfoTycoon, an Atlanta-based multifamily inspection and asset management software company, recently announced it raised $5 million in a seed round of funding. With the funding round, it will make major platform improvements and expand into new housing markets.
The company also announced that AEC and CRE tech expert and Shadow Ventures founder K.P. Reddy is joining the company as Executive Chairman and interim-CEO.
The seed round of funding will also allow the company to rebuild the whole InfoTycoon platform — which is a powerful tool for multifamily owners and operators to use asset data in order to increase NOI, ROI, and portfolio value on a modern cloud stack for reliability and extensibility. New features will be added to the platform in the coming months. And InfoTycoon is planning to expand into affordable housing pre-REAC inspections and the student market with a number of new personalized tools. Later this year, InfoTycoon is going to participated in Shadow Ventures’ 2019 Shadow Summit.
“I am thrilled to continue on my relationship with InfoTycoon, now through the Executive Chairman and interim-CEO post,” said Reddy in a statement. “We are incredibly excited about the latest funding round, and plan to use some of our seed funding to hire aggressively in customer success and sales roles. We’re confident that InfoTycoon will continue to grow and attract new clients and investors.”
InfoTycoon was originally founded by Kevin George and James Davis. Davis retired in 2016 and George is now the chief operating officer of HelloPackage.
