MeetElise Raises $6.5M in Series A Financing

The round, which brings the total amount of funding raised to date to $8.5M, was led by Navitas Capital with participation from Equity Residential (with over 80,000 apartment homes) and AvalonBay (with over 86,000 apartment homes). The company intends to use the funds for product innovation, expansion of the offering to small and midsize property management companies and recruiting efforts. Founded by Minna Song (MIT) and Tony Stoyanov (University of Cambridge) in 2017, MeetElise uses machine learning to fill the communication gaps between prospective renters and apartment operators. Meet “Elise” is an AI leasing assistant that handles the most redundant and tedious communications with prospective residents in an informed manner. The technology, integrated with clients’ existing property management software, now streamlines leasing processes for over 250,000 multifamily communities nationwide To help address new challenges for landlords that have emerged in response to COVID-19, MeetElise also is announcing the beta of Self-Guided Tours, a new product for scheduling and facilitating self-guided and virtual tour products that allow social distancing and promote safety. The product partners with digital twin visualizer Matterport as well as igloohome to deliver a safer user experience. 21/07/2020