Tuesday, September 29, 2020

Leonardo247 Takes $9.5M

Los Angeles-based Leonardo247, which provides remote monitoring of onsite, multifamily operations, has raised $9.5M in a funding round, the company said this morning. The funding was led by private equity investor Level Equity. According to Leonardo247, the funding will go to support its ongoing growth in the remote property management area, as well as expansion into other commercial real estate markets. Leonardo says it was founded in 2014, and expects to be installed on 4,000 properties by the end of the year. The company's software is used for maintenance schedule automation, managing work orders, and managing other aspects of apartment operations. The company is led by Founder and CEO Daniel Cunningham. Charles Chen of Level Equity joins the company's board with the funding.

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