What is Alfred?
Hello Alfred operates as a comprehensive resident experience platform, integrating hospitality principles with advanced technology to enhance the home environment. Recognized by Fast Company as one of the Top 50 Most Innovative Companies globally in urban development, Alfred is redefining urban living standards. The platform uniquely combines building management software with dedicated "Alfred" Home Managers, facilitating a wide array of services and providing retail brands with exclusive opportunities to cultivate enduring consumer relationships.
How much funding has Alfred raised?
Alfred has raised a total of $96.5M across 5 funding rounds:
Angel/Seed
$2M
Series A
$10.5M
Series B
$40M
Debt
$2M
Series C
$42M
Angel/Seed (2014): $2M with participation from CrunchFund, Spark Capital, and SV Angel
Series A (2015): $10.5M led by Moderne Ventures, Spark Capital, and Sherpa Ventures
Series B (2018): $40M supported by Moderne Ventures, Solon Mack Capital, Divco West, and Invesco
Debt (2020): $2M featuring PPP
Series C (2020): $42M backed by 166 2nd LLC, Greystar Worldwide, LLC, Spark Capital, and New Enterprise Associates , Inc.
Key Investors in Alfred
Spark Capital
Spark Capital, founded in 2001 and headquartered in Chennai, India, is a full-service investment banking company.
Moderne Ventures
Moderne Ventures is a strategic venture capital and growth equity firm that invests in disruptive technology companies within sectors such as Enterprise SaaS, AI, Robotics, Deep tech, and Sustainability. The firm focuses on multi-vertical technology companies that target large markets including real estate, insurance, and finance, creating value for its strategic partners and investors. Through its Moderne Fund and the Moderne Passport program, it fosters innovation by connecting portfolio companies with an extensive network of over 1,500 corporate executives. With a strong emphasis on growth and partnership, Moderne Ventures aims to drive success for both its investments and the industries they operate in.
Invesco
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client-focused equity and fixed income portfolios.
What's next for Alfred?
With substantial enterprise-level backing, Alfred is strategically positioned for accelerated expansion and further development of its innovative resident experience solutions. The company's trajectory suggests a focus on scaling its operational footprint, enhancing its technology infrastructure, and potentially exploring new service verticals within the proptech and smart home markets. Continued investment will likely fuel advancements in its proprietary building management software and the expansion of its Alfred Home Manager network, solidifying its role as a leader in shaping the future of urban residential living.
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