Colleen AI Inc.
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Colleen AI Inc. - overview
Established
2020
Location
Daytona Beach, FL, US
Primary Industry
Software
About
Colleen AI Inc. is a US-based software company specializing in advanced AI solutions for property management, streamlining operations with innovative tools for leasing, payments, renewals, and maintenance. Founded in 2020 in Daytona Beach, US, Colleen AI Inc. develops AI-driven software to optimize property management processes.
The company was acquired by Entrata, Inc. in June 2024 from Skybox Capital LLC and Wilshire Lane Capital for undisclosed terms. CEO Itamar Roth leads the firm, which has completed 2 deals, raising a total of USD 3. 39 mn, primarily from the SEED funding round led by Wilshire Lane Capital and Skybox Capital LLC.
The company's current valuation stands at USD 17. 57 mn. Colleen AI Inc. offers ELI+, a product suite designed to enhance property management operations through AI-driven solutions.
ELI+ includes Leasing AI, Payments AI, Renewals AI, and Maintenance AI, which streamline workflows and improve efficiency in the leasing journey. These solutions help property management firms qualify leads, automate rent collection, manage resident renewals, and address maintenance requests, particularly benefiting clients in the multifamily housing sector across the US and Canada. The revenue model for ELI+ is subscription-based, catering to property management companies utilizing Entrata's platform. Clients can access various modules—Leasing AI, Payments AI, Renewals AI, and Maintenance AI—each tailored to specific operational needs through recurring subscriptions.
ELI Essentials is offered free to Entrata customers, while advanced modules are part of a paid suite, allowing firms to choose the level of automation and support that best meets their operational requirements. Following its acquisition by Entrata, Inc. on June 20, 2024, Colleen AI Inc. aims to enhance its AI capabilities within the property management sector.
The integration into Entrata's offerings will support the development of new products that leverage artificial intelligence for further optimization of property management tasks. The funding from the acquisition is expected to bolster these initiatives, allowing for expansion into new markets and enhancing service delivery in existing markets.
Current Investors
Wilshire Lane Capital , Skybox Capital LLC
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Analytics & Performance Software
Website
www.colleen.ai
Verticals
Artificial Intelligence, Real Estate Tech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Colleen AI Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Colleen AI Inc. | - |
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