ApartmentIQ, a real-time market intelligence, revenue management, and AI platform for the multifamily industry, has secured a $25m follow-on investment from Susquehanna Growth Equity (SGE).
At the centre of ApartmentIQ’s offering is its market survey tool, which draws exclusively on publicly available data to give operators daily, unit-level insight into pricing and availability. It is designed to replace the slower, manual survey processes operators have traditionally used to track competitor pricing.
ApartmentIQ has also rolled out MavenAI, its AI-powered marketing agent for the multifamily sector. The tool takes over tasks multifamily teams have traditionally handled by hand, such as updating Google Business Profiles, publishing to social channels, and managing listings across a range of disconnected marketing platforms.
Alec Slocum, ApartmentIQ Co-Founder and CEO, said, “When SGE first invested, we had a strong business helping people find apartments. Today, we’re building products that help multifamily operators see their markets in real time, make more predictive decisions, and automate more of the manual work required to compete. SGE has been an exceptional partner through a period of transformation for the business. This investment accelerates our vision for a broader multifamily platform powered by real-time public data and AI.”
Josh Elser, Susquehanna Growth Equity Managing Director, said, “The Company’s expansion and effective utilisation of AI to provide real-time market intelligence, revenue management, and marketing automation reflects a platform that is both broadening its capabilities and becoming increasingly critical for operators and owners. We are pleased to continue supporting ApartmentIQ as it scales into its next phase of growth.”
The new funding will go towards expanding ApartmentIQ’s platform, stepping up investment in MavenAI and other AI-driven products, and continuing to grow its engineering, data, product and go-to-market teams.
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