HOUSTON, July 23, 2022 (Newswire.com) –
Allison Wood Ventures is delighted to announce an additional $4 million investment in property management software company Innago, furthering the venture capital firm’s role in the success of this impressive venture.
Innago has transformed the leasing process for landlords and made the once tedious tasks of signing leases, collecting payments, managing work orders, and more, into simple, manageable tasks. With their free and easy-to-use property management software, company founders Dave Spooner and Yasir Drabu have continued to redefine what it means to be a landlord.
The latest investment brings Allison Wood Venture’s total support of Innago to $7.7 million over the past five years, a clear indicator that CEO Allison Wood truly believes in the young technology company. In addition to the most recent investment, Allison Wood Ventures invested $1.2 million in 2017 and $2.5 million in 2020.
“I’ve been impressed with Dave and Yasir at every turn over the past five years,” Wood said. “Not only did they create this revolutionary software and make it available to everyone, but they also worked to truly improve the lives of their users. I’m so excited to see them continue to grow and I’m grateful to be a part of this.” of that next step.”
Spooner and Drabu launched Innago in 2017 after changing the pricing models, user interfaces and other important components of what makes management software valuable for landlords and their tenants. Not only does Innago allow landlords to build apps, screen tenants, sign leases, collect rent, manage work orders, organize finances, and communicate with tenants, it also provides a world-class customer service that gives users peace of mind.
Innago is, in a word, simple. Unlike other management software and websites, it provides only what is needed and removes often redundant functionality that increases costs and slows down processing. Last year, Innago launched a mobile app that allows owners to track requests, maintenance requests, payments, and more. from a smartphone.
“We are confident that at this point we have the best product, the best marketing and the best customer support of any similar company on the market,” Spooner said. “As an owner now myself, I couldn’t manage my properties without the ease our service provides. We know we’re ready to continue to grow and improve, and we’re so grateful to Allison Wood Ventures for ‘have helped make this a reality.”
About Allison Wood Ventures
Allison Wood Ventures is a global investment firm focused on creating growth opportunities for game-changers in the industry. The firm primarily invests in information technology, consumer, retail and energy, as well as real estate, media and other sectors. Founder and CEO Allison Wood takes a personal interest in every investment opportunity, and Allison Wood Ventures is built first and foremost on a culture of vision and value creation.
For more information about Allison Wood Ventures and its projects, visit allisonwoodventures.com and Facebook.com/AllisonWoodVentures.
Allison Wood Ventures
Source: Allison Wood Ventures