HappyCo, a residential operations platform for real-time rental property condition data collection and utilization, has closed $52 million in funding to expand its platform and add new services.
Led by Camber Creek, the fundraise included venture capital investors and HappyCo customers. Investors include The BAM Cos., Berger Rental Communities, Bonaventure, CA Ventures, Continental Realty Corporation, Embrey Partners, Klein Enterprises, Koman Group, Mark-Taylor, Masco Ventures, Pier 88, Standard Communities, Strata Equity Group, Vesta Ventures, and Wermers Cos. Current HappyCo customers include Freddie Mac; lenders such as Walker & Dunlop, Berkadia, and Greystone; real estate investors, including CA Ventures and Maxus Properties; and property managers such as Cushman & Wakefield and AMC.
“Camber Creek partnered with HappyCo because they are the market-leader with scale, vision, and a track record of success,” said Casey Berman, Camber Creek managing partner