Apto Raises $8.0 Million in Series B Funding
Apto, the leading provider of cloud-based CRM and deal management software for the commercial real estate industry, announced that it has raised $8.0 million in a Series B round of funding led by Adams Street Partners. The new capital will enable the company to accelerate product innovation, expand sales and marketing efforts, and scale operations to meet rapidly growing demand for its brokerage management technology. With this latest investment, Apto has now raised a total of $10.4 million to fuel growth, innovation and customer success.
Hundreds of commercial real estate brokerages in the U.S. and Canada rely on Apto’s SaaS platform to build better client relationships, close deals faster and more efficiently, gain actionable insights into their pipelines, and manage back-office functions.
Apto’s momentum and success have accelerated this year, with revenue increasing by triple digits during the first half of 2015. Its dramatic growth has been fueled by customer acquisitions across the commercial real estate spectrum, from local firms to enterprise agreements with five of the top ten brands. It has further reinforced its strategic position through partnerships with leading real estate networks, marketplaces and solutions providers.
“Apto is at the forefront of cloud-based and mobile technology for commercial real estate, and we’re extremely pleased to partner with Adams Street Partners as we continue to innovate and help solve significant needs in the industry,” said Tanner McGraw, Apto CEO and founder. “Adams Street Partners has an impressive portfolio of high-growth technology companies, and its investment is a tremendous validation of both our technology and the market opportunity.”
With this investment, Jeffrey Diehl, Managing Director at Adams Street Partners, joins Apto’s Board of Advisors. “We are excited to partner with Apto and are very impressed with its platform, go-to-market partnerships, and growth,” said Diehl. “Its industry-specific software addresses the growing need for efficiency and automation in commercial real estate, and we see Apto as a major player in the industry.”
Apto is the leading provider of cloud-based brokerage management software for the commercial real estate industry. Conceived and designed by commercial real estate veterans, Apto’s comprehensive business platform gives brokers powerful, flexible tools for customer relationship management (CRM), deal management and back-office operations. Brokerages of all sizes, including five of the top ten brands in commercial real estate, rely on Apto’s intuitive SaaS technology to cultivate more profitable client relationships, make smarter business decisions, and efficiently manage their operations. To learn more, please visit http://www.apto.com.