Real-estate technology company HappyCo has completed its third and final tranche of Series-A funding, which has attracted a total of US$10.8 million, a significant achievement further adding to its credentials as one of the world’s fastest growing property management software ventures.
HappyCo has built a real-time operations platform for inspecting, managing and monitoring residential property and commercial facilities through its mobile apps and cloud technology.
Its flagship product, HappyInspector continues to be adopted by property management companies and supplant traditional paper-based systems.
The company manages more than 1.2 million units by renowned companies, such as Airbnb, Softbank/Fortress and Vicinity.
Funds from the raisings will be used to accelerate research and development in Australia and the U.S. as well as improve the support team to sustain its growing Asia-Pacific customer base.
HappyCo is an Australian company founded in Adelaide in 2011 and now based in San Francisco. The company’s most recent funding tranche was led by Sydney-based Alium Capital Management, which specialises in pre-IPO companies.
Alium Partner Rajeev Gupta said: “HappyCo is a modern Australian success story, and we see a very bright future ahead because of its industry-leading technology and proven track record of execution.”
We focus our investments in Australia-based companies that will build highly-scalable and globally-dominant businesses, and HappyCo has that perfect recipe,” he said.