What is Tour24?
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:
Debt
$137K
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.
See full Tour24 company page