Revyse, a Bend, OR-based provider of vendor management software built for the multifamily industry, raised $1M in funding.
The round, which brought the total amount to $2M, was led by RET Ventures.
The company intends to use the funds to continue progressing its product roadmap, including enhancements to its ‘Spend Insights’ feature, which flags anomalies in contract data and provides proactive insights to optimize expenses, surface rebate opportunities, and reduce unnecessary spending.
Launched in 2023 by rental real estate and proptech veterans Bobbi Steward and Ben Steward, Revyse manages the entire contract lifecycle and streamlines vendor management for multifamily owners and operators. It streamlines every phase of engagement through its comprehensive platform and provides tools for discovery, compliance, and ongoing management, helping multifamily professionals handle the complexities of the vendor lifecycle, from initial selection through contract renewal.
The vendor lifecycle management software, Revyse Vendor Intelligence, includes an AI-powered contract management platform specifically built for multifamily. It allows operators to track contracts and agreements across the enterprise, providing visibility into spend and revenue opportunities. By enabling operators to manage intricate vendor contracts across their portfolios through a centralized platform, Revyse reduces vendor-related risks and boosts operational efficiency.
In addition to its vendor management software, the company also features a marketplace for multifamily owners to search for and engage with potential vendors – from technology providers to onsite vendors like turn services. The platform streamlines the procurement process by offering transparent information, including product descriptions, pricing, integrations, demos, and reviews, putting buyers at the forefront of the procurement process and helping them make more informed decisions. Vendors, in turn, benefit from improved product marketing and streamlined sales processes with engaged buyers.
FinSMEs
21/10/2024