Colleen Ai Announces $3.5 Million In Series Seed Funding Led By Wilshire Lane Capital
Jul 20, 2023•over 2 years ago
Amount Raised
$3.5 Million
Round Type
seed
Investors
National Home RentalsMagnolia CapitalSkybox CapitalMorgan PropertiesWilshire Lane Capital
Description
Colleen, the Artificial Intelligence (AI) platform optimizing payment collections for multifamily real estate business, announced today that it has raised $3.5 million in Series Seed funding. The round was led by Wilshire Lane Capital, an early-stage venture capital firm backed by Morgan Properties (the third largest NMHC multifamily apartments owner in the U.S.), with participation from Skybox Capital, owner of residential companies Magnolia Capital and National Home Rentals. Having identified value in Colleen, Morgan Properties, Magnolia Capital, and National Home Rentals are also existing customers.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers