CasaiQ, the premier digital amenity platform for apartments, today announced the close of a $1.5 million funding round and a corporate name change.
CasaiQ is now officially Zego. "The new name – Zego – better represents who we are as we move beyond a smart home solution to more of a digital amenity platform," said Adam Blake, Chief Executive Officer (CEO) of Zego.
The company is also announcing the close of a $1.5 million funding round that includes a combination of institutional venture capital investors and some of the largest apartment owners in the US. "The capital will enable us to continue investing in the product and to support the deployment of the thousands of apartment units in our backlog," said Blake.
Zego has created a simple way for apartment owners and managers to offer residents a digital amenity package, including smart home technology, while saving property managers both time and money. Zego provides a mobile app to residents allowing them to control devices in their apartments and have a better experience interacting with their property manager. Zego's property manager portal enables managers to control devices, such as door locks and thermostats, across an entire portfolio of apartments and streamline operations for maintenance staff and leasing agents.
One of the Zego investors includes Scott Everett, CEO of S2 Capital, an owner of 10,000+ apartment units throughout Texas and Florida. "Zego's value proposition is very compelling: Zego increases our net operating income and reduces our operating expenses, all while providing our residents a better experience. We have looked at some similar smart apartment companies and Zego represented the best combination of a quality product and proven team we want to partner with," said Everett.
Investors include Techstars Ventures, KCRise Fund, Toby Rush, Davyeon Ross, and others. Zego was formed in January 2017 and initial seed funding came from Blake. "Smart homes, integrated services and enhanced user experiences packaged into a platform is a global opportunity over the next 5-10 years. Zego has an early movers advantage in the US with global scale in its future," said Toby Rush, CEO of Zoloz.