4 years ago

Entrata Raises $507 Million, Becomes Utah's Newest Unicorn

  • Entrata, a property management software company based in Lehi, Utah, has raised $507 million in funding from a group of investors led by Silver Lake and the family offices of Qualtrics cofounder Ryan Smith and Vivint cofounder Todd Pedersen

  • The company, which was founded in 2003, has been bootstrapped for 18 years and is now valued at more than $1 billion

  • Entrata's new CEO, Adam Edmunds, is a former president of Podium and has been close to Entrata cofounder Dave Bateman for many years

  • The funding will be used to make acquisitions and grow faster outside the U.S.

      • ProblemTechnology

      "Managing properties and tenants effectively can be complex and time-consuming for landlords and property managers, often involving manual processes and disparate systems."

      Solution

      "Entrata offers a comprehensive property management software solution that streamlines operations, automates tasks, and provides a centralized platform for managing tenant interactions, finances, and property-related data."

      Covered on