At a Glance
Virdee, a Texas-based SaaS company serving the commercial real estate industry, has announced strategic financing from seasoned SaaS investors, taking its total Seed fund to $4 million. The proceeds shall be used to amp up their growth across hospitality, student housing, and medical verticals.
The funding was provided by Austin-based Silverton Partners, Venture Capital LiveOak Venture Partners, and DJR Advisors, known for their investments in high-return businesses.
Expressing delight at Virdee’s SaaS solutions, Morgan Flager, managing partner at Silverton, stated that Virdee was better positioned to remake the market for digital check-in and virtual customer engagement. Reports say that Virdee’s software was turning out to be a significant player in the real estate industry, providing contactless customer-centric solutions without compromising on cost and increasing margins for operators. Their products are known for their seamless integration with leading door lock and property management systems, with API solutions that have demonstrated their ability to save time and money in the check-in/out processes.
Branigan Mulcahy, the Virdee co-founder, was deeply appreciative of the funding and added,
This is a group of visionaries with amazing experience in scaling and building out disruptive SaaS businesses. We could not be more excited about the insights and strategic guidance each of them brings to the table and look forward to working closely with all of them to build Virdee’s exciting future.Nadav Cornberg, Co-founder
Nadav Cornberg, Co-founder also the co-founder, Virdee also opined,
“ We believe the debate about whether automated check-in, verification, and payment solutions will replace legacy methods is now long settled, and the question is now not ‘if’ but ‘when.’ We believe the time is now, and Virdee is the company best positioned to lead hotel and other real estate owners toward a completely contactless, efficient model of operation.”