# Jetpack

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

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.sugarliving.com
- Total disclosed funding: $6.9M
- Latest round: Seed (Aug 27, 2021)
- Investors on record: 15

## About

Jetpack, Inc., based in California, US, specializes in innovative technology solutions for the multifamily housing sector, focusing on enhancing resident experiences through sophisticated property management tools and applications.Founded in 2017 in Los Angeles, Jetpack, Inc. provides technology solutions for property management. The company's founder team includes Chris Tragos, Clyde Boon, Fatima Dicko, and Kevin Woolery, with Fatima Dicko currently serving as CEO. Jetpack, Inc. has completed 5 funding deals, with the latest being a Seed round in August 2021, raising USD 2.5 mn from investors including Consonance Capital, Debut Capital, and Lightspeed Venture Partners, totaling USD 2.5 mn raised to date.Jetpack, Inc. offers a comprehensive suite of products under the brand name Sugar, designed to enhance the resident experience in multifamily housing communities. Key offerings include a property management portal that streamlines resident onboarding, facilitates real-time communication, and enables property managers to announce events and gather feedback. The resident mobile application serves as an all-in-one platform for transactions, including rent payments, door unlocking, and marketplace activities. Sugar also features digital call boxes and key-sharing capabilities, addressing operational challenges for property managers while promoting community engagement among residents.Jetpack, Inc. generates revenue through a subscription-based model targeting property managers and real estate firms. Clients subscribe to the property management portal and resident application, with pricing tiers based on managed units and feature access. Revenue is primarily derived from recurring monthly fees for platform access, with additional income from premium features and service add-ons. The company's core offerings, the resident mobile app and management portal, are vital to its revenue model, ensuring value for property managers and residents and fostering community satisfaction.In August 2021, Jetpack, Inc. raised USD 2.5 mn in Seed funding, intended to support the company's growth and team expansion. Although specific new products have not been announced, the company aims to enhance its offerings in the multifamily housing market. Jetpack, Inc. plans to explore expansion into new urban and suburban markets across North America, utilizing funding to further develop its technology and customer base.

## Funding rounds

- Seed, Aug 27, 2021, $2.5M — Lightspeed Venture Partners, Consonance Capital, LAUNCH, MetaProp, Westbound, Debut Capital, The Community Fund, Great Wave Ventures
- Seed, Jul 12, 2021, $2.5M — Lightspeed Venture Partners, Hong Shan, LAUNCH, MetaProp, Consonance Investment Managers, Debut Capital, The Community Fund
- Seed, Aug 1, 2019, $0.9M — Abell Foundation, Dorm Room Fund, Rough Draft Ventures, Precursor Ventures, NewDo Venture
- Seed, Aug 1, 2017, $0.9M — Abell Foundation, Dorm Room Fund, Rough Draft Ventures, Precursor Ventures, NewDo Venture

## Investors

- Abell Foundation — Seed
- Dorm Room Fund (https://capitalatlas.ai/funds/dorm-room-fund) — Seed
- Rough Draft Ventures (https://capitalatlas.ai/funds/rough-draft-ventures) — Seed
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed
- NewDo Venture (https://capitalatlas.ai/funds/newdo-venture) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Hong Shan — Seed
- LAUNCH (https://capitalatlas.ai/funds/launch) — Seed
- MetaProp (https://capitalatlas.ai/funds/metaprop) — Seed
- Consonance Investment Managers (https://capitalatlas.ai/funds/consonance-investment-managers) — Seed
- Debut Capital (https://capitalatlas.ai/funds/debut-capital) — Seed
- The Community Fund (https://capitalatlas.ai/funds/the-community-fund) — Seed
- Consonance Capital (https://capitalatlas.ai/funds/consonance-capital) — Seed
- Westbound (https://capitalatlas.ai/funds/westbound) — Seed
- Great Wave Ventures (https://capitalatlas.ai/funds/great-wave-ventures) — Seed