MeetElise, Real Estate’s Leading A.I. Leasing Agent SaaS That Streamlines Communications for Over 250,000 Apartment Homes, Raises Series A Financing led by Navitas Capital
Summary
MeetElise, founded by Minna Song (MIT) and Tony Stoyanov (University of Cambridge) in 2017, uses machine learning to fill the communication gaps between prospective renters and apartment operators , increasing the conversion rates of traditional leasing agents using conventional methods and tools by more than 65%. We’re thrilled by the reception the technology has received and to have incredible partners like Navitas supporting us as we help property managers bring scalability to crucial pieces of the prospective resident journey.” “Leasing as we know it is being fundamentally disrupted — and the pandemic is only accelerating this shift. “MeetElise serves as a bright spot within proptech — an easy-to-deploy technology solution that replaces a manual process and produces immediate ROI,” said Karen Hollinger, Senior Vice President of Strategic Initiatives at AvalonBay. In addition to product innovation, the Series A investment will also be deployed to expand the offering to small and midsize property management companies (making the impact of a solution like MeetElise even more transformative) and recruiting efforts. Established in 2009, Navitas provides foundational venture capital, industry expertise and market access to its portfolio companies, which include PlanGrid, Matterport, Katerra, MeetElise, Aquicore, Procore, View, Truss, Bowery, OpenSpace, Orchard (formerly Perch), PeerStreet, & HqO.