AppFolio makes software for property managers and the real estate business, designed to track details like applications, vacancies, work orders and accounting.
The Santa Barbara, Calif.-based company is based on a software-as-a-service model to reduce the need for special training, and can also be used in the field on mobile devices.
BV Capital led the $22 million round, according to socalTECH. Other investors included Cisco and the Investment Group of Santa Barbara. It was the year-old company’s second funding; the first, for $5 million, was led by Bertelsmann Venture Capital.