In Revenue Capital announced it has joined a $4.025 million Series A funding round for Nurture Boss, a rapidly growing company with an advanced AI solution for the multifamily housing sector. The funding was led by AZ-VC and with participation from current investor PHX Ventures.
The funding will equip Nurture Boss with the operating capital and expertise necessary to continue its ongoing expansion and product development. And the funding also supports making strategic hires, like the company’s recent addition of Brock MacLean as CRO.
Nurture Boss has shown exceptional success, propelled by its innovative Virtual Leasing Assistant solution. It has best-in-class KPIs, including net revenue retention of 117%.
Nurture Boss was created by Jacob Carter, who has carved out a niche in the industry by solving the urgent problem of a significant labor shortage amid a booming market. And the company’s “AI for Multifamily” solution was created to streamline leasing operations and make the process fully autonomous and much more efficient. Plus, it also dramatically boosts conversions, yielding high ROI and more financial success for customers. By leveraging a proprietary data set, Nurture Boss is quickly distinguishing itself from competitors.
Brock MacLean, an accomplished sales leader with more than 20 years of experience across a range of senior executive roles, is the latest strategic hire that Nurture Boss has made. And as SVP of sales at Leonardo247 and former EVP & CRO at LeaseHawk, he has deep expertise and has consistently driven growth, developed high-performing sales teams, and optimized sales strategies. Brock’s extensive understanding of real estate and technology solutions positions him well to lead Nurture Boss’ sales efforts and scale its operations.
KEY QUOTES:
“We were drawn to Nurture Boss for too many reasons to count. Not only is it the right product at the right time for a market that’s desperate for efficiency gains, but the founder’s vision and company’s performance to date make us confident they’re going to transform the multifamily housing sector.”
- Justin Gray, co-founder and managing partner of In Revenue Capital
“Our vision is to make a better world for renters, residents, and property teams alike. With this infusion of funding, the operational expertise that In Revenue Capital has to offer, and the hiring of seasoned team members like Brock, there’s so much possibility on the horizon. We’re looking forward to seeing our software help even more multifamily property management companies lower costs while increasing revenues and occupancy.”
- Jacob Carter, founder and chief executive officer of Nurture Boss
