BTR tech firm raises $4m

Travtus, an AI technology company focused on multi-family real estate, has raised $4m (£3.5m) in seed funding to help grow the business. The round was led by RET Ventures, an industry-backed venture fund focused on single and multi-family real estate technology. Founded by Tripty Arya (pictured), Travtus launched its flagship product Adam in 2019 with the goal to bridge the gap between real estate and automation and make it easier for owners to scale operations. The product uses machine learning to automate multi-family property management by first reviewing resident communications and service requests to gather intelligence on the property, then cross-referencing this information with renewal data and other key property metrics to gain a 360-degree understanding of the property and how residents interact with it.  John Helm, partner at RET Ventures, said: “Just a few years after its launch, Travtus has gained significant traction in the market because of its sophisticated machine-learning approach and wide variety of applications for property managers. “With automation becoming a larger priority for many multi-family owner-operators, RET is consistently hearing from our strategic investors about the need for intelligent tools that can simplify and scale operations by optimising day-to-day management processes. I anticipate Travtus will continue to make significant strides on this front in the months and years ahead.” Arya added: “When creating Adam, our goal was to build one ideal digital team-mate for multi-family owner-operators that not only automated management tasks across the board, but provided data and insights that made decision-making easier. “This investment will give us the capabilities to ramp up our sales and marketing efforts and expand our product development – allowing us to deliver an even more robust product to improve property management for multi-family and beyond.” To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews