- Livly, a leading provider of modern digital applications for apartment buildings nationwide, announced it raised over $8 million in funding
Livly — a leading provider of modern digital applications for apartment buildings nationwide — announced it raised over $8 million in funding from private equity group Geolo Capital, venture capital groups OCA Ventures and Founder Equity, and several strategic investors from across the real estate industry.
Livly is known for providing a simple integrated platform of mobile and web applications for both multifamily community residents and property managers. And Livly CEO Brian Duggan said that the funding will be used to accelerate growth to new domestic markets and development of innovative tech solutions to improve resident experience and streamline property management.
The company’s new apartment technology represents a modern and user-friendly alternative to the existing legacy industry offerings. And before Livly, residents and property staff required multiple disjointed software solutions for basic tasks like resident move-in, general communications, package management, rent payments, and amenity reservations.
Traditional building apps — which consolidate some of these services — are known for providing antiquated experiences that do not meet today’s technology standards.
Livly is known for offering a no-cost digital amenity that significantly improves the resident experience through an intuitive mobile app and online community hub. And with a few clicks, residents can seamlessly handle tasks like move-in onboarding, setting up renters’ insurance, requesting maintenance, receiving package notifications, etc.
Plus Livly also enables property managers to cultivate resident communities with a variety of dynamic communication and social engagement tools, including a unique community feed that serves as a private social network for apartments.
Key Quotes:
“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. 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.”
-Livly co-founder and co-CEO Brian Duggan
“Livly is the must-have platform to compete in multifamily and represents a giant leap forward in proptech and resident engagement.”
-Geolo Capital partner Tom Gottlieb
“The Livly team is producing the first industry applications that can meaningfully move the needle on resident retention.”
OCA Ventures general partner Kevin J. McQuillan
