Property operations and services platform raises fresh capital
LONDON: A property operations and services platform has raised capital to expand its services for property managers navigating the COVID-19 landscape.
The Series A round was led by Schooner Capital, with participation from Tamarisc Ventures, Krillion Ventures and Launch Capital. Simon Lehmann, former president of Phocuswright, will join Breezeway’s board of directors.
With Breezeway, short-term rental operators, long-term residential managers and other hospitality professionals can manage the cleaning, preparation, care and service of property.
The funds will allow the Boston-based company to further develop its operations software, build out a marketplace of services and simplify property managers and owners’ ability to deliver a higher standard of service.
Breezeway founder and CEO Jeremy Gall, who previously founded FlipKey, which sold to Tripadvisor, says that in the age of COVID-19, property managers are understanding the importance of offering an elevated rental experience and rethinking how properties are managed.
“While working with thousands of property managers at FlipKey, we learned that service and the experience at the property were the two primary differentiators between operators. We built Breezeway because we saw the need for a much higher level of service in property management than was previously available. COVID-19 has now underscored this need, particularly in the context of detailed cleaning and safety operations,” Gall says.
“Fulfilling that level of service requires a smart platform to help property operators verify the cleanliness, safety and quality of their properties, and deliver a predictable and safe experience to their clients.”
Adds Schooner Capital’s Orhan Gazelle: “The way we interact with the built world is changing, and expectations for how space is prepared are higher than ever. This trend has been accelerating for recent years across multiple property segments from commercial offices, retail stores, hospitality and especially residential property.
“Breezeway’s platform is uniquely positioned to redefine what it means to service and manage physical space, and to set new standards for the industry at large.”
Founded in 2017, Breezeway’s software has facilitated more than two million property tasks across 80 million square feet.
