Tulu, a NYC-based usage economy platform and amenity services provider, raised $20m in Series A funding.
The round was led by New Era Capital Partners with participation from Robert Bosch Venture Capital, Kärcher New Venture and Round Hill Ventures, as well as existing investors.
The company intends to use the funds to pursue new partnerships with with property owners and manufacturing and services brands, and to enhance its geographic and data capabilities.
Co-founded by entrepreneurs Yishai Lehavi and Yael Shemer, Tulu is a smart tech platform that provides building tenants with on-demand access to hundreds of brand name appliances, grocery staples, micro-mobility solutions and entertainment devices. Using a wall in a building lobby, tenant lounge, laundry room or bike room, Tulu’s IoT-based units provide 24/7 access to a variety of brand name products including vacuums, VR headsets, e-scooters, bikes, and necessary household supplies. Units are customized to each building’s needs and core tenant base, where users rent or purchase products through the app.
The company is expanding across real estate markets as landlords like Greystar Real Estate Partners, Brookfield Asset Management, Invesco, Round Hill Capital, RXR Realty and CA Ventures use the platform to elevate the living experience they offer. Since launching in 2019, Tulu has served over 50,000 people across 15 cities in the United States, United Kingdom, Ireland, the Netherlands and Israel.
FinSMEs
27/04/2022
TULU (www.tulu.io) is a to over 50,000 people in 15 cities across the United States, United Kingdom, Europe and Israel. Founded in 2019, TULU provides building tenants with on-demand access to hundreds of brand name appliances, grocery staples, micro-mobility and entertainment devices, and more. Using IoT, data analysis and smart design, TULU maximizes building space and product usage, encourages a shared economy system and overall sustainable quality of life. To date, TULU has raised $25 million in seed and series A funding.