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Nurture Boss, an innovative company specializing in AI-driven solutions for the multifamily housing sector, has secured $4.025 million in a Series A funding round. The investment was led by AZ-VC and supported by current investor PHX Ventures.
This will allow Nurture Boss to continue to expand its cutting-edge platform and enhance its product offerings. In addition to the capital, the venture capital funding also helps the company make strategic hires, such as its recent hire of Brock MacLean as Chief Revenue Officer, or CRO. At an impressive 117% net revenue retention rate, Nurture Boss is quickly gaining traction and changing the approach multifamily housing companies have to leasing and management of residents.
Transformation of Multifamily Housing through AI
Nurture Boss was founded by Jacob Carter, who recognized a pressing issue in the multifamily housing market: the severe labor shortage and the increasing demand for efficiency in leasing operations. The company’s innovative “AI for Multifamily” platform automates the leasing process, helping property managers and operators convert more leads, retain more residents, and ultimately increase revenue. The ability of Nurture Boss to streamline operations, reduce labor costs, and significantly improve conversion rates, thanks to artificial intelligence, allows the system to present a solution. Ultimately, this means more ROI for property owners and managers.Jacob Carter, founder and chief executive officer of Nurture Boss, said, “Our vision is to improve the experience for renters, residents, and property teams alike. We are well-prepared for significant growth thanks to the new funding and through the help of partners such as In Revenue Capital. We look forward to increasing our impact and helping more property management companies improve their operations, increase occupancy, and drive profitability.”
Key Strategic Hire and Leadership Expansion
In addition to the funding, Nurture Boss recently made a strategic hire that is important with the addition of Brock MacLean to the team as CRO. MacLean has over two decades of sales leadership experience from companies like Leonardo247 and LeaseHawk. His capabilities in sales, growth strategy, and high-performing team building will be vital in the scaling of Nurture Boss’ operations and growth acceleration.MacLean’s experience in real estate technology has positioned him well for spearheading the sales thrust, fine-tuning Nurture Boss’ go-to-market (GTM) strategy, and further growing its customer base. With MacLean now on board, Nurture Boss is in a prime position to build its market power and bring more value to its customers.
In Revenue Capital’s Role in the Funding
In Revenue Capital, a venture firm focused on supporting early-growth companies with both capital and operational expertise, played a key role in this funding round. The firm is known for its hands-on approach, offering not just funding but also strategic guidance and go-to-market (GTM) support to portfolio companies. This unique value-add model has made In Revenue Capital an attractive partner for startups like Nurture Boss, which are looking to accelerate growth and scale effectively.Commented Justin Gray, co-founder and managing partner of In Revenue Capital, “We were attracted to Nurture Boss because of the excellence of the company’s product and the massive potential for its AI-based solutions for the multifamily housing space. The vision of the founder and what has been accomplished by the company up to now instill us with confidence that Nurture Boss will lead the space in this industry and better the leasing and property management process.
AI for Multifamily: The Advantage of Nurture Boss
Nurture Boss is a full suite of tools for property management companies, which automates every step in the leasing cycle, from lead generation to lease renewal, saving time and reducing the risk of human error. Nurture Boss integrates with existing property management systems to help operators optimize workflows and improve both the leasing experience for prospects and the ongoing resident experience.The company’s AI technology helps property managers make smarter decisions by providing real-time insights and automating tedious tasks like follow-up communications, appointment scheduling, and lease renewals. By using data to inform every aspect of the leasing process, Nurture Boss empowers operators to manage properties more efficiently and with fewer resources.
Its automated solutions make way for a higher conversion rate as there is timely relevant communication about the prospects with prospective tenants. This would ensure closing deals faster, besides which also increases the chance of retention by the residents by increasing retention rates and occupancy.
Constant Growth and Expansion
With the new funding, Nurture Boss would be accelerating product development and establishing its footprint in the multifamily housing market. Company would look to further enrich its AI platform to provide additional value to property managers; enhance customer satisfaction and overall operation efficiency. Strategic hires, such as Brock MacLean, would also help the company scale its sales operations and expand the market.Nurture Boss is on the forefront of a very large change the multifamily housing market is embracing when it comes to technology. In terms of property management, looking to make operation more streamlined and to resident experience more robust, this AI-powered platform of Nurture Boss has compelling answers that can be applied by these managers to improve revenue, lower cost, and boost occupancy rate.
