Chicago-based property management platform, Avail, has successfully closed a $27 million seed funding round. The firm aims to provide DIY landlords with the tools necessary for managing properties, including tenant screening, leasing and maintenance. Avail aims to leverage the funds to expand its team, develop more tools and refine its platform, thereby streamlining the process of property management for independent landlords and tenants.
With over 100,000 landlords and tenants using their platform, Avail’s recent funding round signifies a positive response from investors towards tech-enabled property management services. The company is keen on improving its platform and services, hence the increased investment will power its plans to enhance user experience, expand its team, and develop more advanced tools for property management. This development is a significant milestone in the Proptech industry, as it highlights the potential of technology in transforming property management.
