# Asteroid Property Management

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/asteroid-property-management

- Industry: Commercial Property
- Headquarters: Austin, US
- Website: www.ender.com
- Total disclosed funding: $7M
- Latest round: Seed (Dec 16, 2019)
- Investors on record: 6

## About

Asteroid Property Management, Inc. is a real estate technology firm that delivers an integrated Enterprise Resource Planning (ERP) system aimed at enhancing property management efficiencies.Founded in 2019 in Austin, US, Asteroid Property Management, Inc. specializes in real estate technology, particularly an ERP system that streamlines property management tasks. The firm secured USD 7.000 mn in SEED funding on December 16, 2019, led by Global Founders Capital, with participation from multiple other investors. The company was co-founded by Jason Mirra and Jonathan Lonsdale, who both have experience in the technology sector.Asteroid Property Management, Inc. offers a comprehensive real estate Enterprise Resource Planning (ERP) system designed to unify various aspects of property management. The system includes four primary modules that enhance processes such as deal underwriting, purchasing management, property rehabilitation oversight, and property management accounting. This integrated platform is targeted at property management firms, real estate investors, and developers across North America and Europe, providing users with improved data access and streamlined workflows for tenant acquisition, leasing, maintenance, and payment management.Asteroid Property Management, Inc. operates on a subscription-based revenue model, where clients pay for access to their ERP platform. Subscription fees can be billed annually or monthly, allowing users to utilize the comprehensive functionalities of the system, including property acquisition and operational management. The pricing structure is tiered according to the scale of operations, catering to B2B clients primarily within the real estate sector.Asteroid Property Management, Inc. plans to expand its offerings by developing new products and enhancing its ERP system. The recent funding of USD 7.000 mn will support these initiatives, particularly in refining their core modules and potentially launching additional features. The company aims to broaden its market presence, targeting new geographic regions in North America and Europe by 2023, to reach a wider client base. Through these strategic efforts, Asteroid Property Management, Inc. is set to leverage its funding to drive innovation and capture new market opportunities.

## Funding rounds

- Seed, Dec 16, 2019, $7M — Tuesday Capital, Global Founders Capital, Cherubic Ventures, Circle Capital Ventures, HOF Capital, LeFrak

## Investors

- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Seed
- Circle Capital Ventures (https://capitalatlas.ai/funds/circle-capital-ventures) — Seed
- HOF Capital (https://capitalatlas.ai/funds/hof-capital) — Seed
- LeFrak (https://capitalatlas.ai/funds/lefrak) — Seed