AppFolio, Inc.
TypePublic
IndustrySoftware
Founded2006 (2006)
Founders
  • Klaus Schauser
  • Jon Walker
Headquarters
Santa Barbara, California
,
U.S.
Area served
United States
Key people
  • Shane Trigg (CEO)
  • Fay Sien Goon (CFO)
Products
  • AppFolio Property Manager
  • AppFolio Investment Manager
ServicesSoftware as a service
RevenueIncrease US$472 million (2022)
Decrease US$−72 million (2022)
Decrease US$−68 million (2022)
Total assetsDecrease US$381 million (2022)
Total equityDecrease US$266 million (2022)
Number of employees
1,785 (December 2022)
Websiteappfolio.com
Footnotes / references
[1]

AppFolio is a company founded in 2006 that offers software-as-a-service (SaaS) applications for vertical markets. AppFolio primarily focuses on cloud-based property management software, services, and data analytics to the real estate industry.

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 IPO,[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]

Awards

In 2020, AppFolio ranked #1 in Fortune’s list of Fastest-Growing Companies.[15]

The same year, AppFolio was recognized as a Best Place to Work by Glassdoor.[16]

References

  1. ↑ "AppFolio, Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 9 February 2023.
  2. 1 2 3 Potthoff, Gina (28 November 2015). "Goleta's AppFolio on Steady Path to Expansion, Success with Cloud-Based Software". Noozhawk. Retrieved 13 March 2017.
  3. 1 2 "AppFolio files for $100M IPO". Pacific Coast Business Times. 19 May 2015. Archived from the original on 7 October 2022. Retrieved 16 March 2017.
  4. 1 2 3 McFadden, Kevin (6 September 2010). "AppFolio Stakes Out Territory in Field of Property Management Software". Noozhawk. Retrieved 16 March 2017.
  5. 1 2 Kettmann, Matt (11 November 2014). "AppFolio Cofounder Talks Startup Weekend". Santa Barbara Independent. Archived from the original on 18 March 2017. Retrieved 16 March 2017.
  6. ↑ Kowalski, Mitch (8 November 2012). "MyCase acquired by AppFolio". National Post. Archived from the original on 18 March 2017. Retrieved 13 March 2017.
  7. ↑ Martin, Erika (10 April 2015). "AppFolio buys San Diego real estate tech firm". Pacific Coast Business Times. Archived from the original on 7 October 2022. Retrieved 13 March 2017.
  8. ↑ "AppFolio acquires analytics software company WegoWise". Pacific Coast Business Times. Archived from the original on 2018-09-08. Retrieved 2021-10-04.
  9. ↑ "Stradling Advises AppFolio in its $60 Million Acquisition of Dynasty Marketplace". CCBJ. Archived from the original on 2022-10-07. Retrieved 2020-04-15.
  10. ↑ "AppFolio Acquires Dynasty Marketplace, Inc". Mirror Review. 2019-01-08. Retrieved 2020-04-15.
  11. ↑ September 08, Rhys Dipshan |; PM, 2020 at 05:28. "MyCase Sold to Private Equity Firm for Nearly $200 Million". Legaltech News. Archived from the original on 2022-10-07. Retrieved 2020-12-29.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. ↑ "AppFolio Property Manager Reviews & Product Details". G2. 2020-12-29. Archived from the original on 2020-04-22. Retrieved 2020-12-29.
  13. ↑ "AppFolio Expands Through a Platform Marketplace". GlobeSt. Retrieved 2022-11-03.
  14. ↑ "AppFolio Investment Management Reviews & Product Details". G2. 2020-12-29. Archived from the original on 2020-05-08. Retrieved 2020-12-29.
  15. ↑ "Finance has usurped tech among the most-represented industries on the 100 Fastest-Growing Companies list". Fortune. Archived from the original on 2021-02-10. Retrieved 2021-01-28.
  16. ↑ Columbus, Louis. "Glassdoor's Best Places To Work In 2020 Shows Tech Is The Future". Forbes. Archived from the original on 2022-10-07. Retrieved 2021-01-28.
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