Total amount raised
$30 Millions
Latest funding date
11/1/2013
Location
AppFolio has successfully raised funding through multiple rounds, attracting notable investors such as Dragoneer Investment Group and Headline. The company offers cloud-based business management solutions tailored for the real estate industry.
Continue reading to delve into the details of AppFolio's funding journey and the key investors supporting its growth.
What Is AppFolio?
AppFolio, founded in 2006 by Jon Walker and Klaus Schauser, is headquartered in Goleta, California. The company specializes in providing cloud-based business management solutions tailored for the real estate industry.
AppFolio's platforms assist in property management, financial processes, and tenant communication, helping real estate businesses streamline operations and optimize interactions with stakeholders. The company has grown significantly since its inception.
With a workforce of 1001-5000 employees, AppFolio continues to innovate and expand its offerings, maintaining a strong presence in the real estate technology sector.
How Much Funding Has AppFolio Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their cloud-based business management solutions.
- Series A
- Amount Raised: $5M
- Date: February 2007
- Lead Investors: Headline
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series B
- Amount Raised: $17M
- Date: April 2008
- Lead Investors: Cisco, Headline
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology infrastructure and support rapid growth.
- Series C
- Amount Raised: $8M
- Date: August 2009
- Lead Investors: Investment Group of Santa Barbara
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their platform and increase market penetration.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and product development.
Total Amount Raised: $30M
Current Valuation: Not publicly disclosed
Key Investors
- Dragoneer Investment Group
- Details: Dragoneer Investment Group is a growth-oriented investment firm that focuses on long-term investments in high-quality businesses. They are known for their strategic approach and deep industry expertise.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Airbnb, Slack, Uber.
- Headline
- Details: Headline is a global venture capital firm that invests in early-stage and growth-stage companies. They have a strong track record of supporting innovative startups.
- Investment Focus Areas: Technology, consumer, enterprise software.
- Notable Investments: Bumble, Farfetch, Sonos.
- Cisco
- Details: Cisco is a multinational technology conglomerate known for its networking hardware, software, and telecommunications equipment. They also invest in promising tech startups.
- Investment Focus Areas: Networking, cybersecurity, cloud computing.
- Notable Investments: Acacia Communications, ThousandEyes, AppDynamics.
- Investment Group of Santa Barbara
- Details: Investment Group of Santa Barbara is a private investment firm that focuses on supporting local businesses and startups. They have a strong presence in the Santa Barbara area.
- Investment Focus Areas: Real estate, technology, local businesses.
- Notable Investments: Not publicly disclosed.
What's Next for AppFolio?
AppFolio's future looks promising with significant opportunities on the horizon. The company's expansion into AI capabilities with Realm-X and new product launches like FolioSpace position it well to meet the increasing demand for innovative property management solutions. These advancements, coupled with strategic acquisitions such as LiveEasy, indicate a broad market potential and a strong foundation for growth.
Given the continuous innovation and expansion, future fundraising opportunities seem likely to support further growth and acquisitions. However, AppFolio may face challenges such as rising vacancies, competition for renters, and the need to balance rapid technological advancements with customer expectations. Navigating these hurdles will be crucial for maintaining its competitive edge in the evolving real estate technology sector.
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