Inside the Latest Wave of Proptech Deals and Developments

ElevateOS Acquires RightFit Personal Training

ElevateOS, a community operating platform for the multifamily industry, acquired RightFit Personal Training, one of the nation’s leading marketplaces for certified personal trainers.

According to the ElevateOS, the acquisition deepens its vertically integrated services marketplace and accelerates wellness programming across multifamily communities.

It also helps turn underused amenity spaces into high-engagement experiences and ancillary revenue. By bringing RightFit into the ElevateOS platform, it adds immediate supply density, operational scale, and program quality across personal training, small group classes, and community wellness activations.

“I’ve known Matthew Kornblatt, CEO of RightFit Personal Training, for over 10 years, and I’m thrilled he’s joining Elevate OS as vice president of operations,” said Konrad Koczwara, founder and CEO of ElevateOS. “This was an easy decision: The fit is perfect, the network is proven, and the value for owners is immediate.” elevateos.com

Grace Hill Expands Platform

Grace Hill, a leader in talent and performance management for commercial and multifamily real estate, has expanded its PerformanceHQ platform, which helps unify training, compliance, stakeholder feedback, and artificial intelligence (AI)-driven insights to help operators act with clarity and improve results across their portfolios.

In the second half of 2025, the firm has enhanced the platform's ability to centralize data and guide action with the introduction of Intelligence+, leveraging Gracie AI  to summarize resident survey insights and deliver recommendations across entire portfolios; Capture Wizard, which uses AI to make creating software tutorials fast and intuitive; and advanced analytics dashboards, bringing data from training, resident surveys, and mystery shopping into one view.

“Grace Hill's platform stands apart as purpose-built for multifamily operations and marketers, powered by recommendations grounded in real property successes and decades of industry knowledge,” said Julia Crawford, senior vice president of product management. “The unified platform leverages AI tools to transform previously disconnected data points into actionable intelligence, improving resident satisfaction, operational efficiency and net operating income.” gracehill.com

HappyCo Brings Voice AI to Multifamily Maintenance

HappyCo, a provider of maintenance operations software for multifamily, has debuted Voice Assist, an AI-powered voice capture that transforms repairs, inspections, and other field observations into automated workflows and predictive intelligence.

“Maintenance teams are the backbone of multifamily, but too often their knowledge disappears the moment a work order is logged ‘complete,’” said president Ben Nowacky. “Documentation hits a data dead end—lost between shifts, turnover, or incomplete notes. Repairs slow down, service quality suffers, and reactive spending compounds. HappyCo is changing that.”

Voice Assist is powered by Joy, HappyCo’s AI that has been trained on over a decade of service records across 5.5 million units, accumulating over a billion maintenance interactions. Technicians dictate completion notes in the mobile app, and the system extracts what was fixed, how long it took, and which materials were used, creating searchable records in real time. happy.co

RealPage Appoints Dirk Wakeham as President CEO

RealPage has tapped Dirk Wakeham as its new president and CEO. He also joins the company’s board of directors. He succeeds Dana Jones, who served as president and CEO since 2021 and expanded the company’s leadership in AI and resident experience.

With expertise in proptech and fintech, Wakeham brings to the role extensive leadership experience as a six-time CEO and president for software and SaaS organizations. He previously served as managing director for Vista Equity Partners and was president of RealPage after its acquisition of LeasingDesk, which he founded.

“Returning to RealPage feels like coming home,” said Wakeham. “I’m honored to step into this role at such an important moment for the company and our industry. RealPage’s success has always been rooted in partnership and trust. Together, with our customers, we’ll continue creating vibrant communities that deliver great experiences and help residents achieve financial wellness and lasting success.” realpage.com

Rently Expands Its Lifecycle Platform

Rently has introduced new innovations within its Resident Lifecycle Management Platform, unifying the company’s full suite of technologies under one connected ecosystem. According to the company, the platform reflects its evolution from a self-guiding touring leader to a provider of end-to-end resident solutions.

The innovations include new solutions for making property discovery faster and more intuitive for prospective renters; updates that streamlines self-guided tours and automate property management workflows; and the launch of three new smart-home and access control devices to strengthen security.

“Every advancement we’ve introduced this year builds on our mission to connect the entire resident lifecycle,” said CEO Merrick Lackner. “By linking AI, hardware, and platform integrations, we’re making it easier for property managers to operate efficiently and for residents to feel at home the moment they arrive.” rently.com

Tour24 Introduces Conversational AI Assistant

Tour24, a provider of self-guided tours, has launched Tori, its new conversational artificial intelligence (AI) tour assistant. Designed with advanced natural language understanding and adaptive learning, Tori evolves with every interaction to provide smarter and more personalized tours.

“Leasing teams thrive when community tours are easy and engaging,” said CEO and founder Georgianna W. Oliver. “Tour24 already drives 35% more tours, and with Tori, those results will soar. Our AI assistant listens, learns, and guides renters with confidence as they explore their next home.”

According to Tour24, Tori will help transform self-guided tours into a seamless bridge between scheduling and leasing, responding instantly to questions and keeping every interaction. It also will deliver additional information prospects need most, including availability, pricing, amenities, and community features. tour24.io

TULU Secures Fresh Funding

TULU, a leading product access and usage platform providing residents with on-demand access to appliances, essentials, and lifestyle products, has extended its Series A funding to $37 million to accelerate its global expansion and strengthen its AI-driven TULU Brain.

The additional $17 million investment was co-led by GreenSoil PropTech Ventures and existing investors Bosch Ventures and New Era Capital Partners. Other existing investors participating in the Series A round include Regeneration.VC, Good Company, Aviv Growth Partners, and i3 Partners.

TULU launched in 2020, serving over 500,000 residents across 60 cities in the United States, Canada, the United Kingdom, Ireland, the Netherlands, Germany, Spain, Austria, France, Portugal, Denmark, Sweden, Norway, and Italy. It enables residents to access shared products on demand, such as vacuums, virtual reality headsets, and e-scooters. Leading property owners, such as Bozzuto, Greystar, RPM Living, Related, and Willow Bridge, have integrated TULU to elevate resident satisfaction.

“Unlike selling a product, where value is proven once, creating a usage habit requires continuous insight and personalization,” said co-founder and CEO Yishai Lehavi. “Today, we’re taking TULU into its next phase—on the journey to building a category-defining company that’s shaping a new consumption economy. Over the past year, we’ve embedded AI capabilities that transform usage data into actionable insights—delivering personalized experiences that accelerate user engagement, while giving our brand and property partners unbiased visibility into real-life consumer behavior.” tulu.io

Venn Raises $52 Million in Series B Funding

Venn, an intelligent operating system for multifamily housing, has raised a $52 million Series B funding round, The round was led by NOA and CIM Group, with participation from Group 11, Oren Zeev, Hamilton Lane, Latitude, LocalGlobe, and FinTLV. The firm has raised $140 million to date.

The company is scaling fast, creating a platform that connects the living economy, residents, owners, and service providers into one network. In the last 18 months, it has expanded its platform across over 30 states and partnered with more than 270 owners and operators, including Bozzuto, CIM Group, Related, and Veris Residential, powering the lives of over 500,000 residents.

“We’ve seen firsthand how every resident interaction can create real value,” said co-founder and CEO Or Bokobza. “When you use those moments to train AI, you unlock a system that delivers far more than housing; it delivers an experience. A deeper relationship with residents is worth nearly $1,000 per unit per year. Multiply that across 49 million rental units in America, and you see what’s at stake: an opportunity measured in trillions. Venn is entering its next phase of growth, aiming to reach 1 million units in 2026 while relentlessly focusing on R&D.” venn.city