Poplar Homes, a Cupertino, CA-based tech-enabled property management company, raised $53M in Series B funding.
The round was led by LL Funds with participation from Crescent Cove Advisors, AGNC Ventures, LLC, the corporate venture capital arm of AGNC Investment Corp., computer scientist Jeff Dean, proptech VC Zain Jaffer, and other seed investors.
The company intends to use the funds to continue to make strategic hires and acquisitions to drive its growth strategy.
Led by CEO Greg Toschi, Poplar Homes is a technology-powered, full stack property management company that empowers both property owners and residents throughout their lifetime real estate journey. For renters entering the market, it makes it easy for them to get approved, view available properties, and rent a home online. Once in the home, the platform makes everything quick from paying rent to requesting maintenance. For property owners, Poplar Homes makes maintaining a rental home easy. Poplar has made nine acquisitions of property management companies in multiple high-growth markets across the country ranging in portfolio sizes from 200-1,000 doors. Today. the company has a global workforce of 244 employees and manages 7500+ doors in California, Washington, Colorado, Nevada, Texas, Missouri, and North Carolina.