Company:AppFolio

From HandWiki
AppFolio, Inc.
TypePublic
IndustrySoftware
Founded2006; 20 years ago (2006)
Founders
  • Klaus Schauser
  • Jon Walker
Headquarters
Santa Barbara, California
,
U.S.
Area served
United States
Key people
Products
  • AppFolio Property Manager
  • AppFolio Investment Manager
ServicesSoftware as a service
RevenueIncrease US$794 million (2024)
Increase US$136 million (2024)
Increase US$204 million (2024)
Total assetsIncrease US$627 million (2024)
Total equityIncrease US$519 million (2024)
Number of employees
1,634 (2024)
Websiteappfolio.com
Footnotes / references
Financials as of December 31, 2024.[1]

AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services 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 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]

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. ↑ "US SEC: Form 10-K AppFolio, Inc.". U.S. Securities and Exchange Commission. February 6, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/1433195/000143319525000013/appf-20241231.htm. 
  2. ↑ 2.0 2.1 2.2 Potthoff, Gina (28 November 2015). "Goleta's AppFolio on Steady Path to Expansion, Success with Cloud-Based Software". Noozhawk. https://www.noozhawk.com/article/goleta_based_appfolio_on_steady_path_to_expansion_success_20151128. 
  3. ↑ 3.0 3.1 "AppFolio files for $100M IPO". Pacific Coast Business Times. 19 May 2015. https://www.pacbiztimes.com/2015/05/19/appfolio-files-for-100m-ipo/. 
  4. ↑ 4.0 4.1 4.2 McFadden, Kevin (6 September 2010). "AppFolio Stakes Out Territory in Field of Property Management Software". Noozhawk. https://www.noozhawk.com/article/090510_appfolio. 
  5. ↑ 5.0 5.1 Kettmann, Matt (11 November 2014). "AppFolio Cofounder Talks Startup Weekend". Santa Barbara Independent. http://www.independent.com/news/2014/nov/11/appfolio-cofounder-talks-startup-weekend/. 
  6. ↑ Kowalski, Mitch (8 November 2012). "MyCase acquired by AppFolio". National Post. http://business.financialpost.com/legal-post/mycase-acquired-by-appfolio. 
  7. ↑ Martin, Erika (10 April 2015). "AppFolio buys San Diego real estate tech firm". Pacific Coast Business Times. https://www.pacbiztimes.com/2015/04/10/appfolio-buys-san-diego-real-estate-tech-firm/. 
  8. ↑ "AppFolio acquires analytics software company WegoWise". 5 September 2018. https://www.pacbiztimes.com/2018/09/04/appfolio-acquires-analytics-software-company-wegowise/. 
  9. ↑ "Stradling Advises AppFolio in its $60 Million Acquisition of Dynasty Marketplace" (in en). https://ccbjournal.com/news/stradling-advises-appfolio-in-its-60-million-acquisition-of-dynasty-marketplace. 
  10. ↑ "AppFolio Acquires Dynasty Marketplace, Inc." (in en-US). 2019-01-08. https://www.mirrorreview.com/appfolio-acquires-dynasty-marketplace-inc/. 
  11. ↑ September 08, Rhys Dipshan |; PM, 2020 at 05:28. "MyCase Sold to Private Equity Firm for Nearly $200 Million" (in en). https://www.law.com/legaltechnews/2020/09/08/mycase-sold-to-private-equity-firm-for-nearly-200-million/. 
  12. ↑ "AppFolio Property Manager Reviews & Product Details". 2020-12-29. https://www.g2.com/products/appfolio-property-manager/reviews. 
  13. ↑ "AppFolio Expands Through a Platform Marketplace" (in en). https://www.globest.com/2022/06/29/appfolio-expands-through-a-platform-marketplace/. 
  14. ↑ "AppFolio Investment Management Reviews & Product Details". 2020-12-29. https://www.g2.com/products/appfolio-investment-management/reviews. 
  15. ↑ "Finance has usurped tech among the most-represented industries on the 100 Fastest-Growing Companies list" (in en). https://fortune.com/2020/10/29/fastest-growing-companies-appfolio-tech-finance-industry-tech-company-growth/. 
  16. ↑ Columbus, Louis. "Glassdoor's Best Places To Work In 2020 Shows Tech Is The Future" (in en). https://www.forbes.com/sites/louiscolumbus/2019/12/11/glassdoors-best-places-to-work-in-2020-shows-tech-is-the-future/. 

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