- Mobile Doorman — a software provider of custom mobile apps that connects residents and their communities — has raised $6.5 million of expansion capital
Mobile Doorman — an industry-leading software provider of custom mobile apps that connects residents and their communities — announced it raised $6.5 million of expansion capital to drive continued growth in 2019. This round of funding was led by Reimagined Ventures (RIVC).
RIVC is the investment arm of the Litowitz Family Office (established by Alec Litowitz of Magnetar Capital — which is the second-largest hedge fund in the Chicago area). Existing investors also contributed to this round.
And this round of funding will also serve as a launching pad for new product feature developments to unlock additional revenue streams for property owners and managers along with further expansion into the multifamily industry.
“Since its inception, Mobile Doorman has aimed to fill a significant connectivity gap in the resident experience,” said Ankeet Kansupada — who is focused on private equity investments for the Litowitz Family Office. “We’re targeted on ways we can continue improving upon that connection and, through that, unlocking new revenue streams for our partners using their custom apartment apps.”
Mobile Doorman also specializes in the creation of custom mobile app software for multifamily communities that empowers residents to live smarter and it helps properties manage more efficiently, improve retention, and boost their bottom line.
“At Mobile Doorman, our mission is to improve the ways people interact with their homes and communities through technology,” added Mobile Doorman VP of Product Kara Bubb.
Mobile Doorman also specializes in developing custom and white-label apps for apartment and condominium communities across North America. The company’s mission is to improve how residents interact with their properties with a convenient and user-friendly tool that helps them live smarter while helping property owners manage better, improve retention, and boost their bottom line through next-gen proptech.
“(The) announcement reinforces our commitment to developing cutting-edge technologies to optimize every facet of the resident experience,” explained Mobile Doorman VP of Engineering Zachery Moneypenny.