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- Lula Secures $28M Series A to Transform Property Maintenance
Lula Secures $28M Series A to Transform Property Maintenance
Slice of Real Estate Team
February 07, 2025
Key Highlights:
Lula secures $28M in Series A funding, led by PeakSpan Capital, with participation from RET Ventures.
AI-powered innovation: Investment to advance Lula’s Foresight, an AI-driven work order management SaaS platform.
Expanding market reach: Lula now operates in 42 markets with over 6,000 vetted professionals nationwide.
Proven traction: Processed 100,000+ work orders in 2024 from 125+ property management customers.
Strategic growth: Funding will accelerate Lula’s mission to streamline property maintenance through technology.
Source: Business Wire
Notable Quotes:
“This investment marks a pivotal moment for Lula and the property maintenance industry. With PeakSpan’s support and the continued backing of our early investor RET Ventures, we are set to accelerate our growth, expand our Pro network, and deliver even greater value to our customers.”
“Lula has elegantly addressed the increasing complexity of residential maintenance management through differentiated technology and an expansive contractor network.”
“We’ve been continually impressed by Lula’s growth and execution and look forward to supporting their continued innovation.”
Why This Matters:
Lula’s $28M Series A funding represents a major leap in the evolution of property maintenance technology. By leveraging AI-driven solutions like Foresight, Lula is not just optimizing maintenance workflows—it’s reshaping how property managers operate in an increasingly complex real estate environment. This investment underscores growing industry demand for efficient, tech-powered maintenance solutions, ultimately enhancing service quality, cost-effectiveness, and operational efficiency for property owners and managers nationwide.