AI Real Estate Company, Colleen AI, Secures $3.5M in Seed Funding
Wilshire Lane Capital Led Investment Round, Joined by Skybox Capital
Funding Round Info:
Colleen AI, headquartered in Daytona Beach, FL, secured $3.5M in Seed funding for its AI platform designed to enhance payment collections for multifamily real estate enterprises. The funding round was spearheaded by Wilshire Lane Capital, alongside contributions from Skybox Capital. With this investment, the company aims to expand its go-to-market efforts and expedite advancements in product development, engineering, and data science.
About Colleen AI:
Established in 2021 and under the guidance of its CEO, Itamar Roth, Colleen stands as an AI-driven, comprehensive platform designed to optimize rent and debt collections for multifamily property managers and residents. This company collaborates with prominent property management software providers such as Yardi, RealPage, Entrata, RentManager, and ResMan, acting as an integration partner to seamlessly synchronize resident and property data. The result is a centralized system that offers easy access to payment forecasting and analytics for optimized efficiency.
About Wilshire Lane Capital:
Wilshire Lane Capital ("WLC") is a PropTech (real estate technology) fund that targets thriving sectors like ecommerce and last-mile fulfillment, single-family rental, multifamily technology, self-storage, and more. Acting as a sought-after strategic ally for PropTech startups, WLC delivers real estate value-add by harnessing extensive industry connections and know-how. The Funds at Wilshire Lane currently boast partnerships with esteemed names such as Morgan Properties, Related, Sage Realty, Island Capital, and several others.
About SkyBox Capital:
SkyBox Capital operates as a hands-on, value-added private equity investor in ecommerce and digital media. The company consists of former entrepreneurs and industry leaders collaborating with passionate management teams to patiently cultivate market-leading businesses, generating value for all stakeholders.