November 18, 2020
CARMEL, Ind.–(BUSINESS WIRE)–Realync Corp. (“Realync”), one of the multifamily industry’s leading virtual leasing and engagement platforms, today announced it has raised $22 million in growth equity capital from Susquehanna Growth Equity, LLC (“SGE”). As a part of the transaction, Josh Elser and Aaron Flack of SGE will join the Realync Board of Directors.
Realync is a rapidly growing virtual engagement solution for the multifamily housing industry, helping thousands of apartment communities expertly market, lease, and manage their properties. The Company’s virtual services have grown rapidly amid the COVID-19 pandemic. In just four months, Realync’s user base tripled while live video tours hosted on the platform have increased by over 11,000%. Across the country, leasing professionals are harnessing Realync’s cloud platform to safely livestream, pre-record and distribute video tours to prospects and residents, facilitating a more transparent and personal housing experience despite these challenging times. Realync anticipates the demand of its platform to continue after the pandemic, given the broader popularity of convenient virtual services among consumers.
“Our team has been driven by the happiness and success of our clients since day one, and Realync has been blessed with an incredible growth path,” said Matt Weirich, Co-founder and CEO of Realync. “We knew that SGE would be the perfect, founder-friendly partner to help us continue to efficiently scale our team, product and business to meet the growing need for virtual services. We’re incredibly excited about this partnership as we further invest in our platform, team and clients.”
Ani Rangarajan, Co-founder and COO of Realync, commented, “Our tightknit team has been the cornerstone of our success thus far. We are incredibly grateful for all of their hard work and never-ending dedication to our clients and mission and look forward to expanding exponentially as SGE supports our team’s next stage of growth.”
“We’re thrilled to be working with Matt, Ani and the Realync team,” said Josh Elser, Director at SGE. “Realync is leading the real estate video revolution as housing communities continue to adapt to virtual services amid these challenging times. We’re excited to be a part of its incredible story.”
Susquehanna has invested in more than 55 growth-stage companies throughout the firm’s 14-year history. The firm prides itself on its ability to provide founders and management teams with capital without a predetermined exit timeline and expertise to help accelerate their growth journeys.
Realync is multifamily’s leading virtual leasing and resident engagement platform enabling live video tours, live virtual open houses and DIY pre-recorded videos of properties. Preserving the power of a personal experience and live dialogue, Realync’s platform simplifies and enhances the real estate touring process by providing a more efficient, convenient, and cost-effective way of showing and touring properties. To learn more, please visit us at www.realync.com
ABOUT SUSQUEHANNA GROWTH EQUITY
Susquehanna Growth Equity, LLC (“SGE”) invests in growth-stage technology companies in the software, information services, internet and financial technology sectors. The firm is backed by a unique and patient capital base that allows management teams the freedom and flexibility to maximize growth. We believe in taking our work seriously, but not ourselves. To learn more, please visit us at www.sgep.com.