In Revenue Capital Invests in Nurture Boss to Enhance AI Solutions for Multifamily Housing

SCOTTSDALE, Ariz., Dec. 3, 2024 — In a significant move for the fast-evolving multifamily housing market, In Revenue Capital has announced its participation in a $4.025 million Series A funding round for Nurture Boss, a company that is rapidly establishing itself as a leader in artificial intelligence solutions tailored for this sector.

This investment comes at a crucial time when the multifamily housing industry grapples with a labor shortage amidst a booming real estate market. Nurture Boss aims to streamline leasing operations, making them more efficient and autonomous with its innovative technology. The funding round was led by AZ-VC, and involved contributions from existing investor PHX Ventures, showcasing a strong confidence in Nurture Boss's growth potential.

Justin Gray, co-founder and managing partner of In Revenue Capital, expressed his enthusiasm for the investment, stating, "We were drawn to Nurture Boss for too many reasons to count. Not only is it the right product at the right time for a market that's desperate for efficiency gains, but the founder's vision and company's performance to date make us confident they're going to transform the multifamily housing sector."

Nurture Boss, led by founder Jacob Carter, has developed an advanced AI solution that aims to address the urgent labor shortage by providing a virtual leasing assistant that enhances the leasing process. This solution has already shown remarkable results, boasting a net revenue retention rate of 117%, which is outstanding in the competitive housing market.

The new funding will also facilitate critical hiring processes. The company has recently onboarded Brock MacLean as the Chief Revenue Officer (CRO). With over 20 years of experience in senior sales roles, including tenure as SVP at Leonardo247 and EVP at LeaseHawk, MacLean is poised to drive Nurture Boss's sales strategy and operational scale effectively.

Jacob Carter articulated the vision behind Nurture Boss, stating, "Our vision is to make a better world for renters, residents, and property teams alike. With this infusion of funding, the operational expertise that In Revenue Capital has to offer, and the hiring of seasoned team members like Brock, there's so much possibility on the horizon. We're looking forward to seeing our software help even more multifamily property management companies lower costs while increasing revenues and occupancy."

In Revenue Capital aims to redefine the venture capital model by not only providing financial resources but also combining them with hands-on operational expertise. This founder-friendly approach is designed to ensure that portfolio companies can achieve sustainable growth.

As Nurture Boss continues to evolve and enhance its offerings through AI-driven solutions, the collaboration with In Revenue Capital may prove to be a pivotal development in addressing the pressing challenges within the multifamily housing industry. The integration of advanced technology with operational insights not only supports existing client outcomes but is also set to redefine industry standards altogether.

For more details on their visionary approach, Nurture Boss, and the shifting landscape of multifamily housing technology, visit In Revenue Capital's website.