# Bllink Property Management

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

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.bllink.co/
- Total disclosed funding: $1.2M
- Latest round: Seed (Jul 7, 2021)
- Investors on record: 3

## About

Bllink Property Management specializes in digital solutions for the management of residential properties, enhancing operational efficiency and tenant service through a streamlined platform.Founded in 2017 by Omri Peled, Bllink Property Management is headquartered in Tel Aviv, Israel. The company focuses on providing a digital platform that automates various property management tasks. Bllink raised USD 1.2 mn in Seed funding in July 2021, with investments from Altair Capital, Flashpoint, and Wix.com, among others. The total amount raised to date stands at USD 1.2 mn, primarily intended to enhance its technological offerings.Bllink offers a digital platform designed for the management of residential buildings, primarily targeting property management companies and building committee chairs. The core product is an application that facilitates the collection of payments and management of maintenance tasks through a streamlined digital interface. This service automates various operations, such as collecting fees directly to bank accounts, managing reminders for dues, and overseeing all financial activities from a centralized hub. The platform simplifies payments for tenants, allowing for online transactions, which enhances user experience and reduces administrative burdens. Bllink's services are currently available across 72 cities in Israel and serve over 150,000 residential units, showcasing a robust client base that includes both property managers and individual tenants.Bllink generates revenue through its subscription model, where property management companies and residential committees pay for access to its platform and services. The company’s revenue stream is primarily derived from recurring fees associated with the use of its digital management tools, enabling clients to receive payments electronically and manage finances efficiently. Transactions typically involve direct payments made by tenants to their respective building accounts through the Bllink application, thereby eliminating the need for paper checks and manual follow-ups. This structure supports a high degree of automation in financial management for residential buildings, ultimately leading to cost savings for property managers. Specific pricing plans for the services are set based on the scale of the management needs and the number of residential units serviced, although exact figures are not publicly disclosed.Bllink Property Management plans to utilize the USD 1.2 mn raised in Seed funding to invest in the development of new features and enhancements for its platform. The funding will also support the company's strategy to expand its services into new markets, specifically targeting additional cities across Israel. The company aims to leverage its technology to provide advanced property management solutions and expects to allocate at least USD 100 mn towards investing in innovative startups in Israel between 2021 and 2023.

## Funding rounds

- Seed, Jul 7, 2021, $1.2M — Wix.com, Inc., Flashpoint, Altair Capital

## Investors

- Wix.com, Inc. — Seed
- Flashpoint (https://capitalatlas.ai/funds/flashpoint) — Seed
- Altair Capital — Seed