Lula, a smart property maintenance platform for multifamily and single-family rental owners, has closed a $3 million funding round led by RET Ventures, a leading proptech-focused venture capital firm.

Headquartered in Kansas City, Missouri, Lula is a technology platform that streamlines the maintenance process for property managers and residents. Integrating with major property management software solutions, it allows for maintenance coordinators and residents to easily submit maintenance requests. Once evaluated, the requests then can be dispatched to an on-site maintenance team member or a member of Lula’s large network of contractors. According to the firm, the platform can reduce time spent on maintenance by nearly 60%.

Lula provides real-time updates, photos, and service notes to all parties throughout the process, which helps to improve the resident experience, eliminate the need for multiple vendors, and reduce costs.

“While today’s rental market features technology to manage everything from leasing to amenities and rental payments, the process of requesting property maintenance work and liaising with external vendors remains largely dependent on antiquated, inefficient systems. Lula is specifically designed to help both single-family and multifamily operators propel this outdated work process into the 21st century,” said Lula founder and CEO Bo Lais. “We are extremely excited to have the backing of an accomplished and thoughtful partner like RET Ventures, as they will play a critical role in introducing our unique solution to many of the country’s largest single-family and multifamily operators in the months and years to come.”

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