Total amount raised
$105 Millions
Latest funding date
1/1/2022
Location
RealPage has successfully raised significant funding through multiple rounds, culminating in its acquisition by Thoma Bravo for $10.2 billion. The company offers a comprehensive suite of cloud-based software solutions designed to streamline multifamily property management.
Keep reading to explore the intricacies of RealPage's fundraising journey and the investors backing this innovative platform.
What Is RealPage?
RealPage, founded in 1998 by Steve Winn, is headquartered in Richardson, Texas. The company specializes in providing cloud-based software solutions for managing multifamily real estate properties.
RealPage's comprehensive suite of products includes property management systems, sales and marketing tools, asset optimization, utility and billing services, and data platforms. These solutions aim to enhance operational efficiency and improve the resident experience.
With a workforce of 1001-5000 employees, RealPage continues to innovate in the property management sector, offering cutting-edge technology to streamline various aspects of real estate management.
How Much Funding Has RealPage Raised?
- Round Name: Series A
- Amount Raised: $31.6M
- Date: Dec 2003
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Round Name: Venture Round
- Amount Raised: $20M
- Date: Jan 2004
- Lead Investors: Apax Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in technology development.
- Round Name: Series B
- Amount Raised: $6.5M
- Date: Dec 2005
- Lead Investors: Camden Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth initiatives and product innovation.
- Round Name: Series C
- Amount Raised: $13.6M
- Date: Feb 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate business expansion and enhance service offerings.
- Round Name: Venture Round
- Amount Raised: $3.7M
- Date: Oct 2009
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund new product development and market penetration.
- Round Name: Venture Round
- Amount Raised: $106.7K
- Date: May 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and minor product enhancements.
- Round Name: Venture Round
- Amount Raised: $4M
- Date: Jul 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market presence and improve technology infrastructure.
- Round Name: Post-IPO Equity
- Amount Raised: $6.9M
- Date: Sep 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance shareholder value and fund strategic initiatives.
- Round Name: Post-IPO Equity
- Amount Raised: $18.6M
- Date: Jan 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and innovation in the property management sector.
RealPage has raised a total of $105.1M. The current valuation is Not publicly disclosed.
Key Investors
- Camden Partners
- Details: Camden Partners is a private equity firm based in Baltimore, Maryland. They focus on growth equity investments in lower middle-market companies.
- Investment Focus Areas: Education, healthcare, business services.
- Notable Investments: American Public Education, Calvert Education, Triumph Higher Education Group.
- Apax Partners
- Details: Apax Partners is a global private equity firm headquartered in London. They specialize in buyouts and growth equity investments.
- Investment Focus Areas: Tech & telecom, services, healthcare, consumer.
- Notable Investments: Inmarsat, ThoughtWorks, Exact Software.
- Thoma Bravo
- Details: Thoma Bravo is a leading private equity firm with offices in San Francisco and Chicago. They focus on investing in software and technology-enabled services sectors.
- Investment Focus Areas: Software, technology-enabled services, financial services.
- Notable Investments: SolarWinds, Dynatrace, McAfee.
- Leeds Equity Partners
- Details: Leeds Equity Partners is a private equity firm based in New York City. They focus on investments in the education, training, and information services industries.
- Investment Focus Areas: Education, training, information services.
- Notable Investments: Exterro, Simplify Compliance, BARBRI.
- Vista Equity Partners
- Details: Vista Equity Partners is an American investment firm focused on enterprise software, data, and technology-enabled businesses. They are headquartered in Austin, Texas.
- Investment Focus Areas: Enterprise software, data, technology-enabled services.
- Notable Investments: Ping Identity, Marketo, Datto.
What's Next for RealPage?
RealPage stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud-based property management solutions. The multifamily real estate sector is rapidly adopting digital tools, presenting RealPage with a vast market to capture. This trend is expected to fuel the company's expansion, potentially leading to new fundraising rounds to support their ambitious growth plans.
However, as RealPage scales, it may encounter challenges such as heightened competition and the need for continuous innovation to stay ahead. Navigating these hurdles will be crucial for maintaining their market position and achieving long-term success. Future acquisitions could also be on the horizon, enabling RealPage to broaden its product offerings and enhance its technological capabilities.
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