Lula, a provider of a platform for streamlined property maintenance solutions, announced the completion of a $28 million Series A funding round, led by PeakSpan Capital with participation from existing investor RET Ventures.
The Series A investment will be used to enhance Lula’s technology platform, expand its market presence, and grow its network of skilled professionals. A significant portion of the funding will be allocated to advancing artificial intelligence capabilities and the development of Foresight, a cutting-edge AI-powered work order management SaaS platform.
This strategic initiative aims to empower property management companies to significantly boost their operational efficiency and deliver an unparalleled maintenance experience. Foresight is engineered to seamlessly integrate in-house maintenance teams, third-party contractors, and Lula Pros into a unified, comprehensive maintenance management system.
“This investment marks a pivotal moment for Lula and the property maintenance industry,” said Bo Lais, CEO and Founder of Lula. “With PeakSpan’s support and the continued backing of our early investor RET Ventures, we are set to accelerate our growth, expand our Pro network, and deliver even greater value to our customers. Our vision is to make property maintenance seamless, efficient, and stress-free for property managers and residents nationwide.”
Lula is reinventing property maintenance with its innovative platform, connecting property managers with skilled maintenance professionals. By leveraging technology to streamline the entire maintenance process, Lula reduces costs, improves efficiency, and enhances tenant satisfaction. Operating in 42 markets with over 6,000 vetted Pros, Lula is rapidly becoming the preferred solution for property maintenance.