Carmel-based Realync Corp. says it has raised $22 million in growth equity capital, driven in part by the rapid growth of its virtual platform used by apartment management companies.
The company says the investment comes from Philadelphia-based Susquehanna Growth Equity LLC.
Realync’s cloud-based platform allows multi-family housing complexes to market, lease, and manage their apartments through video.
The company says the technology can be used not only for apartment communities but senior living facilities, student housing, and military bases.
The platform can do both live streams and pre-recorded video tours, which can be distributed to prospective tenants on their smartphones.
The company says its virtual services have grown rapidly during the pandemic. Realync says in just four months its user base has tripled and live video tours hosted on the platform have increased by over 11,000%.
“Realync has been blessed with an incredible growth path and, having grown 4x in 6 months, we knew that SGE would be the perfect, founder-friendly partner to help us continue to rapidly scale our team, product and business.” said Matt Weirich, co-founder and chief executive officer of Realync.
Because of the SGE investment and growth, the company is hiring five more employees. It currently has 30 on its staff.
Realync anticipates demand will continue after the pandemic because of the convenience it offers apartment seekers and management companies.