SMS Assist Raises $45M

Funding Rounds

▤ Summary

SMS Assist, a Chicago, IL-based mobile and cloud-based multisite property management company, raised $45m in funding.The round was led by Insight Venture Partners.The capital will allow SMS Assist to accelerate investment in technology and people, continue to grow operations and enter new markets.Led by Michael Rothman, chief executive officer, SMS Assist provides a cloud-based multisite property management platform that delivers a fully-outsourced business solution for national and Fortune 500 companies including Family Dollar (NYSE: FDO), CBRE (NYSE: CBG), O’Reilly Automotive, Inc. (NASDAQ: ORLY) and Colony Capital (NYSE: CLNY).The company manages a network of more than 20,000 certified affiliate subcontractors providing maintenance services to more than 90,000 client locations.

$ Funding

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Amount $45.0M Total raised
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Date May 5, 2015 Announcement date
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Investors Insight Partners Lead investors
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Company http://www.smsassist.com Funded company

▥ Classifications

industries
Hospitality
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▦ Linked Companies

SMS Assist
$50M to $100M