News & Press
Sandalphon invests in Avail (fka Rentalutions) Seed round
Rentalutions Raises $2 Million to Help DIY Landlords Solve the Rental Process
CHICAGO–(BUSINESS WIRE)–Rentalutions, the Chicago-based online platform that streamlines the rental process for do-it-yourself (DIY) landlords and their tenants, today announced it closed a $2 million funding round led by Cultivation Capital. This new round of funding will allow Rentalutions to add new features to automate common time-consuming and expensive processes, including finding and screening tenants, accepting payments and managing maintenance requests.
“Our vision is to ease headaches for independent landlords at a lower cost than a property manager. This investment will help us continue to do that at greater scale, while developing new tools for landlords and their tenants.”
There are 8 million DIY landlords in the U.S. renting out 24 million units, yet many of them lack experience and knowledge of the rental process. To help them save time and make money, Rentalutions simplifies property listings, applicant screening, leasing, payments and maintenance.
“When we launched Rentalutions in 2012 as DIY landlords ourselves, we found it was incredibly difficult and time consuming to be a part-time landlord,” said Rentalutions co-founder and CEO Ryan Coon. “Our vision is to ease headaches for independent landlords at a lower cost than a property manager. This investment will help us continue to do that at greater scale, while developing new tools for landlords and their tenants.”
More than 30,000 landlords and 65,000 tenants use Rentalutions today across 8,000 zip codes.
“Rentalutions is modernizing the way independent landlords think about and manage their rental properties. As a landlord myself, I know how difficult it can be to manage a property without any experience or comprehensive resources available,” said Cultivation Capital General Partner Cliff Holekamp.
Holekamp, who also joined the Rentalutions board, added, “It’s refreshing to see someone tackling the challenges we face with one comprehensive solution. Cultivation Capital looks forward to continuing to support Rentalutions as they grow and scale.”
Other investors in this round include M25 Group and Sandalphon Capital. Rentalutions previously raised $1 million in funding.
About Rentalutions
Rentalutions empowers do-it-yourself landlords and their tenants with knowledge and resources to make renting easy. More than 30,000 landlords and 65,000 tenants across the U.S. use Rentalutions to save time and make money through simplifying and digitizing the entire rental process, including: rental listings, tenant screening, customized leases, online payments and maintenance requests. Learn more at https://www.rentalutions.com.
Contacts
For Rentalutions
Media Contact:
Leor Reef
leor@propllr.com
901.484.3802
Sandalphon invests in Realvision’s Seed round
Realvision Raises $1.3M in Seed Funding for Interactive Real Estate Listings
Platform for rendering VR-ready, interactive 3D property tours using DSLR cameras and computer vision will aggressively accelerate product development
MINNEAPOLIS–(BUSINESS WIRE)–Realvision today announced the completion of a $1.3 million round of seed funding to aggressively accelerate product development for the company’s Realvision Tours. Realvision Tours provide real estate professionals with a comprehensive content marketing package containing three of the most effective tools for selling properties online, including: a VR-ready, interactive 3D tour, an auto-generated floor plan drafted in architectural style, and unlimited high-quality still photographs of the listed property.
Realvision raises $1.3M for Interactive #RealEstate Listings. View sample #RealvisionTour: http://ow.ly/mQyj309U45U |
Dundee Venture Capital led the investment round with participation from Brightstone Venture Capital, Loup Ventures, Sandalphon Capital, Bridge Investment Group and 701 Angel Fund.
Realvision’s all-in-one content marketing solution is packaged on a single property website following a single property shoot by a professional real estate photographer. The platform’s unique image capture process allows photographers to harness the full benefits of the technology by using select DSLR cameras. By engineering a capture process that does not require the purchase of proprietary 3D hardware, Realvision lowered the barrier to entry for real estate photographers who seek to expand their service offerings and stay ahead of technological disruption.
R&D efforts fueled by the funding will focus on machine learning, computer vision image processing, new user capabilities, and aggregate data collection within virtual reality. Realvision has released apps for touring properties in VR using Oculus Rift and Google Cardboard (Android/iOS), with the release of VR apps for Samsung Gear VR and HTC Vive expected before the end of the month.
“Our platform is engineered to beat tomorrow’s disruption today,” said Realvision co-founder Bryn Erickson. “We’ve proven we can help real estate professionals sell more properties today, but tomorrow is a moving target and this funding will help us develop for the future and position our customers to be market leaders when it arrives.”
Realvision has been bootstrapping since 2013 and experienced accelerated growth without the help of outside funding or marketing support. With platform growth driven globally by organic word-of-mouth among real estate photographers, Realvision exceeded $1 million in revenue prior to any outside investment in less than 24 months following the delivery of the company’s first Realvision Tour.
Key partnerships in the residential and commercial real estate markets have continued to accelerate growth in 2017. In the Minneapolis real estate market, for instance, Realvision recently announced a partnership with Spacecrafting, a Minneapolis-based real estate photography and video firm. Spacecrafting serves nearly 4,000 realtors, architects, builders and designers in the Twin Cities.
“While any photographer can harness our technology,” said Erickson, “our partners share our high standards and help us maintain the industry-leading quality of our tours. In this regard, Spacecrafting is the perfect partner for us in the Minneapolis market.”
About Realvision
With offices in Toronto and Minneapolis, Realvision is a B2B technology company focused on bringing complete and consistent digital experiences to the real estate industry. Every Realvision Tour combines three powerful content marketing tools: a VR-ready, interactive 3D tour, an auto-generated floor plan drafted in architectural style, and unlimited HDR-quality still photographs, all combined on a single property website following a single property shoot by a professional real estate photographer. Realvision has been operating in the real estate industry since 2013, servicing thousands of brokers, agents and real estate professionals. To learn more, visit: http://real.vision/
Contacts
Realvision
Ryan Benson, 507-360-5743
ryan@real.vision
Sandalphon invests in Jiobit’s Seed round
JIOBIT RAISES $3 MILLION TO LAUNCH THE WORLD’S SMALLEST LOCATION MONITOR, STARTING WITH KIDS
FOR IMMEDIATE RELEASE
Chicago, January 26, 2017 – Jiobit, a company creating the world’s smallest and longest lasting location tracking solution, has raised an additional $3 million in capital. The new funding will fuel the production and marketing of their first product, Jiobit, a smart tag for kids – targeted for pre-sale later this year. Investors include Lior Ron, Co-Founder of Otto (now Uber), MATH Venture Partners, and Inflection Equity. The announcement follows Jiobit’s completion of the prestigious Techstars Accelerator Program.
Jiobit, which takes wearables off the wrist, is much more than a GPS tracker. The team has developed proprietary features that set it apart from the competition and ensure that parents never lose track of what matters most. This cutting edge technology has been baked into a tiny package that includes:
- ● Up to Two Months of Battery Life: The company has invented technology called Progressive Beaconing, which uses multiple sensors and radios to traverse various wireless technologiesimproving coverage and power consumption. This combination not only results in industry leading battery life, but also allows Jiobit to track in every location – indoors, outdoors, in over 120 countries and even above or below in multi-level buildings.
- ● Machine Learning: Proprietary algorithms intelligently determine a child’s behavior, context and location to figure out routines and routes without setup – a bus route for example.
- ● Superior Security: Jiobit deploys similar encryption as a chip credit card and has engineered the solution to ensure all data is safe. It’s the first children’s wearable to integrate a tamper-resistant chip to provide encrypted cloud connections and secure identification for each Jiobit device.
“Months of research and testing showed the size of the problem,” said founder, John Renaldi. “More than half of parents have lost track of a child. With 18M kids in our market, there’s huge opportunity to help.”
The company’s vision is to continue to break barriers when it comes to size and integration so that Jiobit is seamlessly incorporated into all aspects of home and family life. “Parents are incredibly enthusiastic about solutions that can help keep their kids safe and make their job a little easier,” said Renaldi.
About Jiobit
Jio is comprised of seasoned designers, marketers, and engineers with a history of building innovative and disruptive consumer products. In prior endeavors, the team has logged a combined 150 patents and developed and shipped products selling in the millions worldwide. Jio is headquartered in Chicago, with a software development center in Silicon Valley. To view open positions visit jiobit.com/careers.
For more info contact Jessy Fofana – jessy@laruepr.com or visit www.jiobit.com.
Sandalphon invests in LogicGate’s Seed round
LogicGate Closes $1.9 Million Seed Round to Accelerate Growth of Its Process Automation Platform
Risk and compliance process automation company to expand engineering, sales, and marketing efforts.
CHICAGO, IL (PRWEB) DECEMBER 01, 2016
LogicGate today announced the completion of a $1.9 million round of financing with participation from OCA Ventures, Chicago Ventures, Hyde Park Venture Partners, MATH Venture Partners, Techstars Ventures, Firestarter Fund, Sandalphon Capital, Connetic Ventures, and a prominent Chicago-based angel investor. LogicGate will use the financing to grow sales and marketing and accelerate expansion of the LogicGate platform as organizations seek ways to streamline and automate regulatory compliance and risk management processes.
LogicGate’s platform enables enterprises to transform mission-critical compliance processes that lack appropriate controls and, if mismanaged, can expose them to financial risk. Organizations use LogicGate’s drag-and-drop process builder to create visual flowcharts of their business processes – and then deploy them as a highly-controlled, auditable applications. LogicGate’s clients use the platform for activities such as enterprise risk management, regulatory compliance, and compliance control assessments.
“We’ve found that many companies have been managing critical compliance and regulatory processes with what we call ‘duct tape and bubble gum’ – using spreadsheets, emails, and even paper and pencil. That works up until a point, but when it fails it can cause massive disruption for an organization,” said Matt Kunkel, CEO and co-founder of LogicGate. “Our mission is to provide an agile, self-service platform that automates many of the governance, risk, and compliance activities within an organization. This round of fundraising will help us begin to scale our sales and marketing operations and accelerate our engineering efforts.”
LogicGate was founded in 2015 by former risk, compliance and legal technology consultants Matt Kunkel, Jon Siegler, and Dan Campbell. They led teams that built custom enterprise systems from the ground up, helping some of the largest financial institutions and pharma companies comply with government regulations and avoid billion-dollar government fines. Most recently, LogicGate was a part of the Techstars Chicago 2016 class.
Future plans include implementing an intelligent learning engine which can actively learn how organizations interact with processes and can take corrective action without employee intervention.
About LogicGate
LogicGate’s platform allows businesses to automate risk and compliance operations by visually designing their end-to-end workflows and deploying them as controlled process applications, without writing a single line of code. Using LogicGate allows organizations to break free from their reliance on corporate IT by allowing non-technical employees to create self-service solutions.
Sandalphon Capital invests in HappyCo’s Series A
HappyCo Secures $7.5M Series A Funding
Round Led by Global Investors Focused on SaaS Validates Market Demand for Real-Time Enterprise Operations Management
SAN FRANCISCO, Oct. 5, 2016 /PRNewswire/ — HappyCo announced today that it has completed a Series A funding round of $7.5 million. Investors include 500 Startups, Point Nine, Flight Ventures and the SaaS Syndicate, a top syndicate on AngelList. HappyCo is the leading mobile inspection platform for driving operational excellence in the management of residential properties, commercial facilities and enterprise workforces. The company has powered more than 1.3 million inspections and more than 20 million inspection photos. In 2016, HappyCo has seen rapid adoption by enterprise customers — including many of the NMHC 50 list of top owners and managers.
“No matter what industry you’re in, the key to delivering operational excellence is to use best-in-class mobile and cloud tools across every aspect of your business,” says HappyCo CEO Jindou Lee. “We’ve spent the last five years building and refining our platform to replace manual operational processes with real-time auditing and business intelligence tools that empower companies to dramatically improve their key performance indicators. This round of funding validates our business model and technology, and it will allow us to scale our business to help more organizations succeed in today’s competitive data-driven economy.”
HappyCo plans to use the financing to expand its engineering and sales teams and to continue to increase its customer base. Two of the company’s primary goals are to enter into new verticals and add to its product suite.
Nathan Creswell, co-founder of the SaaS Syndicate and a partner at Flight Ventures, added that, “HappyCo has clearly established itself as a transformative force in the world of property management and is one of the most exciting real estate SaaS success stories that we’ve seen. The company not only has best-in-breed mobile apps, but its ease of deployment and high user adoption levels have made it the platform of choice for forward-thinking enterprises globally. Their model also has significant value in many verticals beyond real estate, and we are proud to be able to fuel HappyCo’s continued growth.”
About HappyCo
HappyCo (www.happyco.com) is a San Francisco-based software company that builds mobile applications for enterprise workforces to run their operations more efficiently. Its Happy Inspector product is used by thousands of companies and has facilitated more than 1.3 million inspections. The company was founded in 2011 and is privately held.
Press Contact:
VerbFactory for HappyCo
Richard Berman, 415-359-4906
richard@verbfactory.com
SOURCE HappyCo
Related Links
Sandalphon invests in Jiobit’s Pre-Seed round
This was the second investment made by our first fund.
Jio Raises $1.2M to Build An “Invisible” Wearable Platform – Starting With Kids
Funding Round Lead by Google Alumni and Techstars
Chicago, June 27, 2016 – Chicago startup Jio, Inc. announced it has raised $1.2M in seed funding to create the first of its kind location-based machine learning and low power sensor platform. Jio’s proprietary technology enables discreet form factors without sacrificing battery life. The capital raised will fuel the engineering, manufacturing, and marketing of their first product, Jiobit – targeted for pre-sale later this year.
“Long lasting battery life and simple integration into our clothing is just the beginning,” said founder, John Renaldi. “This disruptive technology will affect products for kids, adults, and other tangential spaces in the near future.”
Developed specifically for children, Jiobit is a mobile app and wearable device that discreetly blends into everyday clothing, delivering over a week of battery life. Jiobit addresses a common parenting challenge and promises to keep parents and kids connected. Through a wireless subscription service, Jiobit operates on a cloud platform that offers the most comprehensive set of monitoring and notification features available on the market.
Jio’s investors include several industry notables: Lior Ron, previously of Google and now cofounder of Otto; Jim Wicks, former SVP of Design at Motorola; Tyler Hall, VP at Samsung SmartThings; and Techstars, a mentorship-driven accelerator program who just announced Jio as one of its newest members.
“We see tremendous growth in technologies that help modern, tech savvy parents”, said Troy Henikoff, Managing Director of Techstars. “ Jio is developing a unique solution to a real problem, with technology that has implications across multiple categories.”
“We’re surrounded by technology, but it’s not helping us with what we care about most – our kids,” said Lior Ron, Jio advisor and board member. “The bar is very high. We need seamless technology and a fully integrated solution to truly resonate. John’s vision, leadership and team puts Jio in a position to lead the next wave of wearable technology.”
For updates, pre-order information, and a FREE one-year subscription visit jiobit.com.
About Jio
Jio is comprised of seasoned designers, marketers, and engineers with a history of building innovative and disruptive consumer products and businesses. In prior endeavors the team has logged a combined 150 patents and developed and shipped products selling in the millions worldwide. Jio is proudly headquartered in Chicago, with a software development center in Silicon Valley.
For more info contact Lindsay Slutzky at lindsay@jiobit.com or visit www.jiobit.com.
Sandalphon invests in Page Vault’s Seed round
Page Vault software allows legal professionals to easily save and print webpage content (social media, corporate websites, blog posts) in a way that is forensically defensible and legally admissible. With one click, webpages are archived exactly as they appear online, key metadata is automatically stored, and an easy-to-share PDF output file is created. Affidavits can attest to the patent-pending architecture that preserves an evidential chain of custody. Page Vault also offers Collection Services to capture complex webpages or high-volume websites for clients. Learn more at www.page-vault.com.
This was the first investment made from our first fund. The round was led by Irish Angels.
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