Amenify Secures Growth Financing and Capital Line from Montage Capital for Continued Expansion
Amenify, the multifamily industry’s largest lifestyle service platform, is enthusiastic to announce a significant milestone in its journey to redefine the industry. The company has successfully closed on growth financing from Montage Capital. This strategic partnership is poised to fuel Amenify's growth throughout 2024, as 2023 featured several new record milestones for Amenify.
2023 Record Growth
Grew revenue 2.0x year-over-year
Grew gross profit 3.5x year-over-year
Added 350+ cities of coverage (500+ total)
Reached 120,000 users
Reached 30,000 five-star reviews
Looking Ahead
With the support of Montage Capital, Amenify is primed to build on this momentum and bring its transformative services to even more households and businesses. This strategic partnership solidifies Amenify's commitment to enhancing two major growth areas:
Expansion of coverage for on-demand service professionals
Improved package options for multifamily operators looking to increase ancillary income
New service lines, including Turnovers, Cleaning, Painting, and Handyman
For the in-home service platform, Amenify, this marks a significant step forward in achieving its mission of powering millions of homes and continuing to invest in AI/ML technologies to revolutionize two industries -- multifamily real estate and in-home services (more here: https://www.amenify.com/news-articles/how-amenify-is-leveraging-aiml-to-augment-its-daily-operations-improve-customer-satisfaction-and-boost-employee-productivity)
"We are thrilled to announce our partnership with Amenify," said Chet Kasper, Principal at Montage. "Their scalable technology/platform has reached several inflection points that we look for, and the future looks bright.”
“This is an exciting development for the company, as our positive contribution margin has unlocked a more favorable source of capital to continue growing the business. We are excited to be working with Montage for this new chapter.” Said Everett Lynn, CEO
Montage Capital's strong track record and expertise in supporting growth-stage companies is the ideal partner to facilitate Amenify's expansion plans.
For more information about Amenify and its partnership with Montage Capital, please visit https://www.montagecapital.com/montageteam
