We are excited to announce that S3 Ventures and Brick and Mortar Ventures have co-led IFM Restoration’s $10M Series A financing. Single family rentals (SFRs) are one of the fastest growing institutional asset classes — having grown from virtual non-existence in 2010 to 200,000+ units and $36B today. With this rapid growth and new level of scale, several property maintenance workflow challenges have emerged.
IFM’s technology platform and contractor network enable institutional owners and property managers with large SFR portfolios to efficiently maintain their homes — while providing a great tenant experience. IFM already works with the vast majority of the largest SFR portfolios across the country and is expanding rapidly by adding new geographic markets. We are thrilled to partner with IFM’s founders, Dustin Marx and Danny Feldman, as they continue to build a market-leading and category-defining company.
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