AppFolio Gets $8M

Santa Barbara-based AppFolio, a developer of software-as-a-service for property management, is announcing today that it has raised $8M in additional funding for the firm. The funding comes from the Investment Group of Santa Barbara (IGSB). Appfolio said the funding round brings the company's total raised to $30M. the firm has previously also raised capital from Cisco Systems and BV Capital, in addition to the Investment Group of Santa Barbara. The company said the new funding will go to accelerate its growth. Appfolio is headed by Brian Donahoo. More information »