Middleburg Communities, Management Executives and Start-Up Founders Lead Series Seed Round For Connexus

Funding Accelerates Growth of The Leading Procurement Platform

WASHINGTON, June 12, 2024 /PRNewswire-PRWeb/ — Connexus, the nation’s leading procurement and request for proposal (RFP) platform in the real estate sector, announced today that it has successfully secured $800,000 in funding for its Series Seed round. Funding was led by Middleburg Communities and a group of notable start-up founders and executives such as Demetrios Barnes (SmartRent and Umbrello) and Todd Butler (Sentral and Migo).

This funding round is aimed at bolstering Connexus’s capabilities and expanding its market reach. Connexus has already signed 200,000 units and is focused on driving the bottom line for Owners while giving back time to Operators through its distinctive platform.

“Connexus is doing something unique in the industry by driving NOI through our service contracts, saving us money and giving our site teams back time in their day,” says Chris Finlay, CEO of Middleburg Communities.

“We are excited to be backed by thought leaders in the multifamily space. Their leadership and expertise will expedite our scale to market. We are currently saving Owners and Operators north of 15% on their current contracts and are excited about our future to drive further value,” says Devin Wirt, Co-Founder and CEO of Connexus.

The investment will enable Connexus to further develop its technology platform and scale its operations to meet growing demands in the real estate and property management sectors.

About Connexus:

Since inception in 2023, Connexus has been the premier RFP company that drives NOI for owners and operators across the country. With over 200,000 units on the platform, its focus is to create operational and financial efficiencies for everyone.

Read the official announcement here


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