Mezo, a Chicago, IL-based provider of an intelligent intake platform for property maintenance, announced $6 million in seed funding.
The round was co-led by Chicago Ventures and Building Ventures, with participation from The 81 Collection and notable angels.
The funds will fuel its relentless focus on product development and help to scale Mezo’s team as we grow its customer base.
“Despite being the largest controllable cost center for rental property owners, residential maintenance remains a black box,” said co-founder and CEO Mike Travalini. “Renters often struggle to accurately articulate what is wrong, like identifying a ‘broken toilet’, when a technician needs more information to assess with certainty that it is actually a ‘bad flapper valve.’ This subtle difference wastes resources in the form of unprepared workers who show up lacking the parts needed to make the fix, requiring additional time and cost. Mezo makes one trip resolution possible for all home maintenance needs.”
Its Intelligent Intake™ platform fixes home maintenance from the start. Delivered through its virtual maintenance tool “Max”, the technology applies AI-driven efficiency with trade expert knowledge to drive best-in-class maintenance intake, diagnosis, scheduling, and fulfillment recommendations for property operators.
Mezo’s technology currently serves more than 70,000 residents of Single-Family Rental (SFR), Multi-Family Rental, and Student Housing properties owned and operated by customers including Mynd Management, Tricap Residential, WFI Investments, Darwin Homes, and others.
Today, Mezo integrates with real estate platforms such as Entrata and Source7 and continues to expand partnerships with others.
Company: Mezo
Raised: $6.0M
Round: Seed Round
Funding Month: December 2022
Lead Investors: Chicago Ventures and Building Ventures
Additional Investors: The 81 Collection
Company Website: https://www.mezo.io/
Software Category: Intelligent Intake™ platform
About the Company: Founded in 2020 by Mike Travalini, John Botica, and Erin Karam, Mezo is an early-stage B2B SaaS PropTech startup focused on fixing home maintenance across residential real estate. Mezo provides a property maintenance platform that starts with Intelligent Intake™ to ensure residents feel empowered, technicians arrive prepared, and property owners have unprecedented transparency into their maintenance operations and spending. Mezo’s platform enables residents to feel empowered, technicians to arrive prepared, and property operators to have unprecedented transparency into their maintenance spending and a newfound ability to centralize operations. Headquartered in Chicago, the company also has offices in Boston and Austin and is the recipient of IMN’s 2022 SFR West Landlord/Owner Technology of the Year.
Source: https://www.businesswire.com/news/home/20221207005560/en/Mezo-Launches-to-Take-the-Guesswork-Out-of-Property-Maintenance-Raises-6-Million-in-Seed-Funding