# Apsiyon A.S.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/apsiyon-a-s

- Industry: Software
- Headquarters: Istanbul, Turkey
- Website: www.apsiyon.com/
- Total disclosed funding: $4.5M
- Latest round: Series B (Dec 30, 2017)
- Investors on record: 1

## About

Apsiyon A.S. is a technology company specializing in management solutions for residential complexes and apartment buildings, enhancing operational efficiency through a mobile platform designed for property management.Founded in 2009 in Istanbul, Turkey, Apsiyon A.S. provides management solutions for property managers and residents. The company has raised a total of USD 5.00 mn in funding, with the most recent deal occurring on March 13, 2020, led by Bek Ventures. The founders, Erkan DOGAN and Meric Akdamar, have been pivotal in steering the company toward substantial growth in the property management sector.Apsiyon is a leading provider of management solutions tailored for residential complexes and apartment buildings. The company’s core offerings include an integrated platform that facilitates efficient management of communal living spaces through a mobile application designed for property managers and residents. Key functionalities include automated tracking of service requests, billing, and communications, which enhance the operational efficiency of property management. Apsiyon's services aim to simplify everyday tasks such as maintenance requests, payment tracking, visitor management, and communication between residents and management. This platform is utilized by over 1.5 million residential units across Turkey and is expanding into international markets, providing solutions tailored to the unique needs of property management in diverse geographical areas.Apsiyon generates revenue primarily through a subscription-based model, where property managers and management firms pay a recurring fee for access to the platform's various tools and services. The pricing structure typically includes tiered subscription plans that vary based on the size of the residential complex and the range of features utilized, enabling flexibility for different client needs. The company also engages in partnerships with service providers, enhancing its offerings through integrations that further streamline property management tasks. Apsiyon's flagship products include its mobile management application and automated billing systems, which are essential to its clients’ operations. The revenue model is designed to support both B2B partnerships with property management firms and direct-to-consumer transactions, ensuring a steady flow of income as clients leverage these essential services to enhance their management capabilities.Following a funding round in March 2020 that raised USD 5.00 mn, Apsiyon A.S. is focusing on product development, particularly enhancing its mobile platform for property management. Plans for expanding into international markets are underway, targeting key regions by 2023 to cater to the growing demand for efficient property management solutions. The recent funding will support these strategic initiatives, allowing Apsiyon to innovate and broaden its market reach effectively.

## Funding rounds

- Series B, Dec 30, 2017, $2M — Bek Ventures
- Series A, Sep 29, 2016, $2.5M — Bek Ventures

## Investors

- Bek Ventures (https://capitalatlas.ai/funds/bek-ventures) — Series A, Series B