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Entrata has secured a $200M minority investment from Blackstone, reaching a valuation of $4.3B. This strategic partnership will bolster Entrata's growth and enhance technological advancements in rental housing.

May 15, 20257 months ago

Amount Raised

$200 Million

LehiProperty ManagementReal EstateSoftware

Investors

Blackstone

Description

Entrata, a property management software company, announced a $200 million minority investment from Blackstone. The investment values Entrata at $4.3 billion and aims to accelerate the company's growth and expand its technology offerings. CEO Adam Edmunds emphasized the alignment of capital and expertise. Blackstone's Managing Director Brian Dunlap expressed enthusiasm about partnering with Entrata to drive further innovation.

Company Information

Company

Entrata

Location

Lehi, Utah, United States

About

Entrata is a leading operating system for multifamily communities worldwide. Setting the bar for innovation in property management software since 2003, Entrata offers solutions for every step of the leasing lifecycle and empowers owners, property managers, and renters to create stronger communities. Entrata currently serves over three million residents across more than 26 thousand multifamily communities around the globe.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech