AppFolio
American real estate software services company
From Wikipedia, the free encyclopedia
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
 | |
| Company type | Public |
|---|---|
| Industry | Software |
| Founded | 2006 |
| Founders |
|
| Headquarters | , U.S. |
Area served | United States |
Key people | |
| Products |
|
| Services | Software as a service |
| Revenue |  US$794 million (2024) |
| US$136 million (2024) | |
| US$204 million (2024) | |
| Total assets | US$627 million (2024) |
| Total equity | US$519 million (2024) |
Number of employees | 1,634 (2024) |
| Website | appfolio |
| Footnotes / references Financials as of December 31, 2024[update].[1] | |
The company's headquarters is in Goleta, California,[2] in the Santa Barbara area.
History
AppFolio was established in 2006 by co-founders Klaus Schauser[3] and Jon Walker.[4][5] Schauser had previously founded Expertcity.[4]
The company's first focus was property management for small to medium businesses[4] and its first product, AppFolio Property Manager, was launched in 2007.[5]
In November 2012, AppFolio acquired MyCase, a "legal practice management software provider."[6]
AppFolio purchased real estate software firm RentLinx in April 2015. This acquisition included rights to the website ShowMeTheRent.com, which increased AppFolio's listing presence.[7][2]
In May 2015, AppFolio announced its Initial public offering,[3] which was unveiled in June.[2]
In September 2018, AppFolio reported acquisition of utility analytics software WegoWise.[8]
In January 2019, AppFolio acquired Dynasty Marketplace, Inc., for $60 million.[9][10]
In September 2020, AppFolio announced the sale of MyCase to private equity firm Apax Funds, for approximately $193 million.[11]
Products
AppFolio Property Manager
A property technology solution with accounting, marketing, leasing, and management functionality for multifamily and single-family, commercial, student housing, community association, and mixed portfolio property managers.[12] In June 2022 the company expanded the platform by launching AppFolio Stack,[13] its integration marketplace.
AppFolio Investment Manager
A software platform designed for real estate investment management, with tools for fund management and syndication.[14]