# Belong Home

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/belong-home

- Industry: Internet
- Headquarters: San Mateo, US
- Website: www.belonghome.com
- Total disclosed funding: $94M
- Latest round: Series C (May 20, 2022)
- Investors on record: 4

## About

Belong Home, Inc. is a property management platform that enhances the rental experience by streamlining processes for homeowners and residents, including rent collection and maintenance management, all through the Belong App.Founded in 2018 in San Mateo, US, Belong Home, Inc. specializes in transforming property management. The company has successfully completed 7 deals, with the most recent funding round occurring on May 20, 2022. It secured USD 30.00 mn in VENTURE DEBT, contributing to a total capital raised of USD 50.00 mn. The leadership team includes CEO Ale Resnik, and founders Ale Resnik, Nirav Patel, Omar Aboelsoud, Owen Savir, and Tyler Infelise.Belong Inc. offers a comprehensive platform for property management that transforms the traditional rental experience into a more streamlined and user-friendly process. Central to its offerings is the Belong App, which allows homeowners to manage rental properties effortlessly, facilitating processes such as rent collection, maintenance requests, and direct communication with their dedicated concierge team. The company aims to eliminate the burdens associated with being a landlord, providing services that cater to both homeowners and residents, ensuring that each party's needs are addressed effectively. Belong operates primarily in the United States, with services extending to various regions including California, Texas, and Ohio, focusing on urban areas where property rental demand is high. Their platform serves a diverse client base that includes individual homeowners looking to lease their properties and residents seeking high-quality rental experiences characterized by exceptional care and support.Belong generates revenue through a subscription-based model, wherein homeowners pay fees for property management services that include tenant placement, maintenance coordination, and ongoing support. The revenue structure is bolstered by referral programs that incentivize user engagement, such as a USD 1,000 reward for existing clients who refer new homeowners. This creates a network effect, enhancing customer acquisition while maintaining existing relationships. The pricing framework is designed to align with the value provided, ensuring homeowners receive comprehensive management services while residents benefit from a supportive rental environment. Key services that contribute to revenue include maintenance management, property marketing, and tenant services, all integrated into the Belong App to enhance user experience and operational efficiency.In May 2022, Belong Home, Inc. raised USD 50.00 mn in Series B funding, led by Fifth Wall Ventures, with participation from Andreessen Horowitz, Battery Ventures, and GGV Capital. The funding will support expansion into new markets, particularly targeting urban areas in the Midwest and Southeast regions of the US by the end of 2023. Additionally, the firm is designing new features for the Belong App to enhance user engagement, aiming for a rollout by early 2024.

## Funding rounds

- Series C, May 20, 2022, $50M — Battery Ventures, Granite Asia, Andreessen Horowitz, Fifth Wall Ventures
- Series B, Mar 1, 2021, $34M — Battery Ventures
- Series A, Jun 28, 2019, $10M — Granite Asia

## Investors

- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series A, Series C
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B, Series C
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series C
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series C