The U.S. residential-tech company told The Logic it will set up a Canadian headquarters with at least 75 employees. Earlier this week, Alfred announced it raised US$125 million, consisting of US$50 million in initial closing and up to US$75 million that will go towards its growth in Canada and future acquisitions. The round was led by Rialto Capital with participation from NEA, 166 2nd Financial Services, Holland Management and other investors. (The Logic)
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The U.S. residential-tech company told The Logic it will set up a Canadian headquarters with at least 75 employees. Earlier this week, Alfred announced it raised US$125 million, consisting of US$50 million in initial closing and up to US$75 million that will go towards its growth in Canada and future acquisitions. The round was led by Rialto Capital with participation from NEA, 166 2nd Financial Services, Holland Management and other investors. (The Logic)
Talking point: Alfred offers a residential-management platform to landlords. “The market is less fragmented in Canada; there are fewer real estate players that own and develop large apartment buildings in the U.S. and they are quickly buying and developing apartment buildings specifically for rental,” said Alfred president Arik Benzino in an interview with The Logic, on why the company is expanding here. The expansion will be led by Stephen Tapp, previous head of WeWork Canada.
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