# Appfolio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appfolio

- Industry: Software
- Headquarters: Goleta, US
- Website: www.appfolio.com
- Total disclosed funding: $52M
- Latest round: Series C (Aug 18, 2009)
- Investors on record: 3

## About

AppFolio Inc. delivers innovative property management and real estate solutions, enhancing operational efficiency for property managers and real estate investors across various sectors.Founded in 2007 in Goleta, US, AppFolio Inc. specializes in providing property management software solutions. The company went public on June 26, 2015, raising USD 74 mn through an IPO, selling 6.2 mn shares at USD 12.15 each. Co-founded by Haris Khan and Jon Walker, the company has engaged in 6 deals to date. Jason Randall currently serves as CEO.AppFolio offers a comprehensive suite of property management and real estate solutions designed to streamline and automate operations for property managers and real estate investors. Their core products include AppFolio Property Manager and AppFolio Investment Manager, which facilitate centralized property management, accounting, and reporting across various sectors such as single-family homes, multifamily housing, student housing, affordable housing, community associations, and commercial properties. These platforms serve a diverse client base, including property management companies and real estate firms, enabling them to enhance operational efficiency and improve the resident and investor experience. The intuitive design of these solutions allows users to manage their portfolios seamlessly from any device, fostering productivity and collaboration among team members, residents, and investors. AppFolio's services are marketed primarily within the United States, reflecting a commitment to support the unique needs of the local real estate market.In the most recent fiscal year, 2023, AppFolio generated revenue of USD 620.45 mn with an EBITDA of USD 29.60 mn. The revenue model is based on subscriptions, allowing clients access to property management tools tailored to their operational needs, along with ongoing software updates and support.Following their IPO in June 2015, which raised USD 74 mn, AppFolio plans to leverage this capital to enhance their product offerings and expand into new markets. The company is developing upcoming features to improve user experience and aims to penetrate additional segments within the US real estate market. Specific timelines for these initiatives are yet to be announced.

## Funding rounds

- Series C, Aug 18, 2009, $8M — Headline, Investment Group of Santa Barbara
- Series B, Apr 29, 2008, $22M — Headline, Cisco Systems, Investment Group of Santa Barbara
- Series B, Apr 16, 2008, $17M — Headline, Cisco Systems, Investment Group of Santa Barbara
- Series A, Feb 20, 2007, $5M — Headline

## Investors

- Headline (https://capitalatlas.ai/funds/headline) — Series A, Series B, Series C
- Cisco Systems — Series B
- Investment Group of Santa Barbara (https://capitalatlas.ai/funds/investment-group-of-santa-barbara) — Series B, Series C