# Cobu

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

- Industry: Software
- Headquarters: US
- Website: www.livecobu.com
- Latest round: Seed (Aug 1, 2020)
- Investors on record: 5

## About

Cobu, Inc. enhances resident engagement in multifamily housing communities through a technology platform that fosters communication and interaction, addressing issues of loneliness and isolation among residents.Founded in 2016 in the United States, Cobu, Inc. specializes in improving engagement within multifamily housing communities. The company has pursued a consistent strategy aimed at enhancing resident experiences. The founders, Benjamin Pleat and Stephen McLaughlin, have developed the company’s offerings to cater to property management firms and multifamily buildings. Cobu has completed 3 deals, with its most recent funding round occurring on August 1, 2020.Cobu’s core offerings revolve around enhancing resident engagement within multifamily housing communities. Their platform is designed to improve resident retention by leveraging tools that foster community interaction and communication, ultimately addressing issues of loneliness and isolation among residents. Key features include a transparent dashboard that consolidates resident engagement data, event planning templates, custom polls to gauge resident preferences, and raffle systems to stimulate participation. Cobu primarily serves property management companies and multifamily residential buildings, targeting markets in urban areas across the United States. By facilitating better resident experiences through technology, Cobu aims to help its clients boost occupancy rates and maintain a competitive edge through improved online reputations and increased resident referrals.Cobu generates revenue through subscription-based services offered to property management firms and multifamily housing operators. The pricing structure includes tiered subscription plans that provide access to various features and functionalities depending on the client's needs. Clients pay a monthly fee for access to the platform’s resident engagement tools, reporting capabilities, and event management features. This enables property managers to engage their residents effectively while minimizing operational burdens. By partnering with top industry players, Cobu creates a sustainable revenue model that aligns with the demand for enhanced community engagement solutions in the property management sector.Cobu plans to leverage its recent seed funding raised in August 2020 from Third Act Ventures and Walnut Venture Associates to enhance its product offerings and expand its market presence. The company is designing new features for its platform, although specific release dates remain undisclosed. Additionally, Cobu aims to expand into new urban markets across the United States, with a focus on increasing its footprint in regions demonstrating significant multifamily housing growth. This strategy will enable Cobu to advance its capabilities and foster stronger community engagement solutions.

## Funding rounds

- Seed, Aug 1, 2020 — Walnut Venture Associates, Third Act Ventures
- Seed, Jan 22, 2020 — Asymmetry Ventures, Beni Venture Capital, jtangoVC

## Investors

- Asymmetry Ventures (https://capitalatlas.ai/funds/asymmetry-ventures) — Seed
- Beni Venture Capital (https://capitalatlas.ai/funds/beni-venture-capital) — Seed
- jtangoVC — Seed
- Walnut Venture Associates (https://capitalatlas.ai/funds/walnut-venture-associates) — Seed
- Third Act Ventures (https://capitalatlas.ai/funds/third-act-ventures) — Seed