Propellant Ventures is excited to announce that we made an investment into Cedar Rapids, IA based Proptech firm STRATAFOLIO. The company empowers small to midmarket commercial real estate owners with enterprise-level software to make data-backed business decisions and manage their entire business lifecycle with more accuracy. With a global view of a portfolio in a comprehensive dashboard, owners can run all aspects of their business – assets, finances, operations, and investors — all in one place. We invested alongside other notable Midwest early-stage investors such as Second Century Ventures and ISA Ventures.

Some reasons why the Propellant Ventures' team is excited about its investment into STRATAFOLIO:

- Industry Knowledge of Founding Team - STRATAFOLIO was founded by real estate investors and owners who also have corporate experience managing technology projects.

- Early Market Traction - Since launch, STRATAFOLIO has generated recurring revenue with 300 users comprising of nearly $3B in asset value.

- Market Ripe for Disruption - Commercial real estate owners are losing money because their operating tools have not evolved. In fact, 80% of the industry is still managing rents by spreadsheets (i.e. Excel).

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