TORONTO, CANADA - APRIL, 13, 2021 - Property Vista, a property management software solution, is excited to announce that it has secured $3.8 Million CAD in funding from two partners. FirePower Capital provided subordinated term debt and National Bank of Canada’s Technology and Innovation Banking Group provided a credit facility based on monthly recurring revenue. This funding will support Property Vista’s ongoing customer growth, talent acquisition and product development.
“I’m very happy to be working with FirePower Capital and National Bank of Canada. Our partnership will enable Property Vista to continue growing to help even more property managers achieve their business goals,” said Leonard Drimmer, CEO of Property Vista.
“The pandemic has created several new challenges for property managers, where customers turn to Property Vista for support. From finding new tenants to managing payments from existing ones, Property Vista is solving critical problems for their customers. They are growing fast, hiring the right people, and listening to their users’ needs. This is the type of company FirePower looks to align with,” said Trevor Simpson, Associate Partner at FirePower Capital. “We look forward to our partnership and what lies ahead for Property Vista.”
“National Bank’s Technology and Innovation Banking Group provides advice and financial services to fast-growing technology companies across Canada. We’re proud to partner with Property Vista, a home-grown business that has developed an innovative software solution focused on building better relationships between tenants and property managers. We’re excited about this partnership and supporting Property Vista in its next growth stage,” said David Looi, Senior Director, Technology and Innovation Banking Group at National Bank of Canada.
Property Vista is a property management software solution that transforms how property managers manage their properties and build tenant relationships to grow their business. Property Vista integrates all of the necessary tools for property managers to efficiently manage their properties and improve the tenant experience - from prospective tenant applications to move-out inspections and everything in between, Property Vista’s intuitive cloud-based platform helps property managers create a meaningful and modern tenant experience.
FirePower Capital is the private capital and M&A advisory firm built for Canada’s entrepreneurs. Its team of 40+ deal professionals helps their mid-market businesses complete mission-critical transactions, by advising them or by investing in their companies directly. For more information please visit www.firepowercapital.com.
With $344 billion in assets as at January 31, 2021, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 26,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
Property Vista: Camilo Correa Ochoa, Marketing Manager
ccorrea@propertyvista.com
FirePower Capital: Sebastien Douville, Partner & COO sdouville@firepowercapital.com
3080 Yonge St. Suite 6060, Toronto, ON M4N 3N1
