Mobile Doorman, a Chicago-based custom-app developer for the apartment industry, raised a new round of funding as it continues to improve its tech.
The startup announced Tuesday that it raised $6.5 million in a round led by Reimagined Ventures, the Chicago-based investment arm of the Litowitz Family Office. The fund is co-managed by Alec Litowitz, the founder and CEO of Magnetar Capital, a hedge fund company that manages $12.6 billion for clients.
Reimagined also led Mobile Doorman’s Series A round in 2018 when the startup raised $2 million. Mobile Doorman has now raised about $10 million to date.
“Since its inception, Mobile Doorman has aimed to fill a significant connectivity gap in the resident experience,” said Ankeet Kansupada, who focuses on private equity investments for the Litowitz Family Office, in a statement. “We’re targeted on ways we can continue improving upon that connection and, through that, unlocking new revenue streams for our partners using their custom apartment apps.”
The startup, launched in 2014 by Bob Matteson, develops apps for residential properties to make building communication easier. The Mobile Doorman's app allow tenants to pay rent, make and track maintenance requests, and renew their leases. Apps also allow residents to RSVP for building events, message with staff and residents, and keep up to date with what’s happening in their community.
The new financing will allow Mobile Doorman to build new product features that will give property owners and mangers additional revenue streams.
According to Mobile Doorman’s website, its clients include property managers such as Alliance, First Communities and Laramar.
