Livly, a provider of technology-driven residential management platforms, has successfully completed a third investment round. The $10 million in funding will support a number of new initiatives to increase net operating income for developers, operators, and third-party property management companies.
"We're committed to delivering unparalleled value and return on investment by providing a highly engaged platform that enhances the quality of life for all stakeholders in multifamily properties," says Livly CEO Alex Samoylovich.
"This new round of funding will enable us to expand our market presence further and develop innovative products and services that deliver even greater value to residents, property owners, and operators."
The latest funding round is slated to fuel Livly's expansion into new markets and support the development of technology solutions that enhance resident experiences and optimize property management processes. Anticipated improvements include increased access, IoT integrations, and extended AI functionality in maintenance, touring, and sentiment analysis.
"We are thrilled to receive robust support for our vision and validation of our original hypothesis from both institutional and strategic investors," says Livly executive chairman Brian Duggan. "This funding solidifies Livly's position as a leader in the proptech industry and will enable us to continue delivering innovative solutions that set new standards for the multifamily housing sector."
Livly's technology offers a modern and user-friendly alternative to traditional proptech offerings within the industry. Through the platform and app, property operators can manage community events, resident communication, maintenance requests, package deliveries, rent payments, and amenity reservations.
Additionally, Livly's portfolio management capabilities include an AI-powered maintenance assistant and advanced analytics for renewal predictor scores and overall sentiment, which provide insights to enhance operational performance.
