How Much Did Tour24 Raise?
Funding & Key Investors

Tour24, a pioneer in the multifamily automation sector, has successfully navigated multiple capital rounds to solidify its market position. With a total funding trajectory reaching $16.7M, the company continues to attract significant interest from institutional real estate players. The most recent financing round, totaling $0, underscores the firm's ongoing commitment to scaling its proprietary self-guided tour technology across the competitive North American housing market.

This latest infusion of capital serves as a strategic catalyst for Tour24, enabling the company to further refine its integration capabilities with smart-home infrastructure. By securing this backing, Tour24 reinforces its role as a critical partner for property managers seeking to optimize leasing operations and meet the evolving demands of modern prospective residents.

What is Tour24?

Tour24
SoftwareCustomer Engagement PlatformsMobile App Development

Tour24 is a transformative PropTech platform designed to automate the apartment leasing process through self-guided property tours. Founded by the team behind Package Concierge, the company leverages advanced smart-home integrations to provide a seamless, on-demand experience for prospective tenants. By serving as a digital extension to traditional leasing teams, Tour24 effectively reduces the friction associated with apartment hunting, allowing properties to capture leads outside of standard business hours and significantly increasing conversion rates in a high-velocity real estate environment.

How much funding has Tour24 raised?

Tour24 has raised a total of $16.7M across 3 funding rounds:

2021

Debt

$137K

2022

Series A

$5.6M

Series A

$11M

Debt (2021): $137K with participation from PPP

Series A (2022): $5.6M led by Middleburg Communities and LAB Ventures

Series A (2022): $11M supported by 29th Street Capital, Middleburg Communities, and LAB Ventures

Key Investors in Tour24

Middleburg Communities

A fully integrated multifamily development and investment firm that manages over 22,000 units, focusing on community impact and long-term value creation.

LAB Ventures

A Miami-based venture capital firm and startup studio specializing in disruptive PropTech and construction technology investments.

29th Street Capital

A privately-held real estate investment firm that employs a value-added strategy to acquire and recapitalize multifamily assets across the United States.

What's next for Tour24?

Looking ahead, Tour24 is positioned to capitalize on the accelerating digital transformation within the multifamily real estate industry. The company's strategic roadmap focuses on deepening its technological moat by expanding its ecosystem of smart-home partnerships and enhancing the data analytics capabilities available to property owners. As the demand for contactless, flexible leasing solutions continues to rise, Tour24 is well-equipped to scale its operations, potentially moving toward broader market penetration and the integration of additional automated services that streamline the entire resident lifecycle from initial tour to move-in.

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Frequently Asked Questions Regarding Tour24 Financial Insights

What are the most recent funding rounds that Tour24 has completed, and what were the funding rounds?
Tour24 has recently completed 3 funding rounds: Series A on Nov 1, 2022, Series A on Mar 25, 2022, Debt on Feb 18, 2021.
What is the total amount of funding Tour24 has raised to date?
Tour24 has raised a total of $16.7M in funding to date.
How many funding rounds has Tour24 completed?
Tour24 has completed 3 funding rounds.
How much funding did Tour24 raise in its most recent funding round?
Tour24 raised $11M in its most recent funding round.
Who are the lead investors in Tour24's latest funding round?
The lead investor in Tour24's latest funding round was 29th Street Capital. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Tour24's history?
The largest funding round in Tour24's history was $11M.
See more information about Tour24