Synco, a New York-based proptech company, announced that it has raised $5.5 million in seed funding to develop a real-time messaging platform for property management teams.
The round was led by a coalition of investors across the entire property management ecosystem, including real estate firms, investors, and technology companies.
Synco plans to use the funding to develop and launch its platform and expand its team.
The company aims to improve internal communication within property management teams, which it claims is slowing down problem-solving and affecting productivity and morale.
The platform will provide a centralized messaging app that is specifically designed for the demanding needs of property management and the real estate industry, allowing teams to communicate easily and efficiently.
Synco aims to provide a platform that is tailored to the needs of property management teams, allowing them to organize conversations by asset, vendor, property, unit, and resident, as well as providing faster answers to questions and a collaborative workspace.
Company: CakeTech, Inc.
Raised: $5.5M
Round: Seed Round
Funding Month: May 2023
Lead Investors: Undisclosed
Additional Investors:
Company Website: https://teamsynco.com/
Software Category: Property Management
About the Company: Synco is a centralized messaging app for property management teams, accessible on desktop and mobile devices. It offers a convenient platform for quick and efficient messaging between coworkers, organized by specific details such as property addresses, unit numbers, and trades. With Synco, property management leadership gains a clearer understanding of their properties without being bombarded with emails, and can control conversation notifications to avoid inbox overload. Additionally, the app provides a secure and streamlined process for onboarding and offboarding employees. The company believes that its platform will help property management companies improve their operational efficiency by modernizing and organizing their team communication experience. Synco is on a mission to improve operational efficiency at property management companies by modernizing and organizing the team communication experience.
Source: https://teamsynco.com/resources/blog/introducing-synco-2023/