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Avail: Proptech platform providing online property management software for independent landlords and tenants, streamlining the rental process.
Avail is a Chicago, Illinois-based property technology company that provides a digital property management platform for independent landlords and residential tenants. The software-as-a-service platform automates the rental lifecycle by offering tools for listing syndication, tenant screening, digital lease execution, rent collection, and maintenance tracking. Prior to its acquisition, the platform scaled its user base to serve more than 600,000 landlords and tenants across the United States, maintaining a core focus on property owners managing portfolios of one to ten residential units. Backed by early venture funding from Cultivation Capital, the company was acquired in December 2020 by Move, Inc., a subsidiary of News Corp, to integrate its management tools directly into Realtor.com. Originally operating under the name Rentalutions before rebranding, the company was founded in 2012 by Ryan Coon and Laurence Jankelow.
Avail has raised $79.8M across 6 funding rounds.
Avail has raised $79.8M in total across 6 funding rounds.
Avail has raised $79.8M in total across 6 funding rounds.
Avail's investors include Founders Fund, Lasse Clausen, Alchemy Ventures, Sam Blond, Presight Capital, Cultivation Capital, Advancit Capital, Seven Seven Six, Balaji Srinivasan.
Avail Technologies is a technology company specializing in Intelligent Transportation Systems (ITS) for public transit, headquartered in State College, Pennsylvania.[1][2][4] Founded in 1999, it develops myAvail, an Enterprise Transit Management Software (ETMS) that provides real-time tracking, compliance monitoring, business intelligence dashboards, and passenger information tools like the myStop® Mobile app to enhance efficiency for transit agencies.[1][2][4] Serving public transportation operators, myAvail solves challenges in fleet management, rider engagement, and operational compliance by integrating CAD/AVL, fare collection, video surveillance, and VoIP communications into a single shared database platform.[1][2][4] With approximately 126-144 employees, $24.5 million in annual revenue (as of 2025), and total funding of $3.5-4 million, the employee-owned company demonstrates steady growth in a niche market.[1][2]
Avail Technologies was founded in 1999 in State College, Pennsylvania, as a pioneer in ITS solutions for public transit, starting with CAD/AVL integration and expanding into comprehensive transit management.[1][2][4] Key early developments include the launch of myStop® Mobile for real-time passenger information, which expanded to Android in 2015 to boost ridership by empowering riders with control over their transit experience.[1] The company has evolved as the only employee-owned (ESOP) ITS integrator in the industry, emphasizing tailored, open-architecture solutions driven by customer success and values like honesty and communication.[1][2][4] A pivotal moment came on January 1, 2025, with the appointment of Rick Spangler as President and CEO, marking a transition to 100% employee ownership after 25 years of leadership in the sector.[4]
Avail rides the wave of data-driven mobility and smart cities, where public transit agencies face pressure to modernize operations amid rising urbanization, funding constraints, and demands for real-time rider experiences.[1][2][4] Its timing aligns with the shift to Mobility as a Service (MaaS), multimodal transport, and on-demand transit, amplified by post-pandemic ridership recovery and infrastructure investments like those in the U.S. ITS sector.[2] Market forces favoring Avail include the need for integrated, open-architecture systems over siloed tools, enabling agencies to optimize routes, reduce costs via VoIP/cellular leverage, and demonstrate compliance for funding—positioning it as a key enabler in public transit's digital transformation.[1][4] By prioritizing employee ownership and partner ecosystems, Avail influences the ecosystem through reliable integrations that boost adoption of ITS technologies.[1][2]
Avail's transition to 100% employee ownership under CEO Rick Spangler signals a stable, innovative path forward, likely accelerating myAvail enhancements in AI-driven analytics, multimodal integration, and expanded VoIP/Video capabilities to capture growing demand for efficient public transit amid climate-focused policies.[4] Trends like electrification, autonomous vehicles, and MaaS will shape its journey, potentially driving revenue beyond $24.5 million through deeper agency partnerships and workforce training initiatives.[2][4] Its influence may evolve from niche integrator to ecosystem leader, empowering transit agencies to meet ridership and sustainability goals—reinforcing its role as a pioneer in total transit solutions since 1999.[1][4]
Avail has raised $79.8M across 6 funding rounds. Most recently, it raised $43.0M Series A in June 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2024 | $43.0M Series A | Founders Fund | Lasse Clausen, Alchemy Ventures, Sam Blond |
| Feb 1, 2024 | $27.0M Seed | Founders Fund | Presight Capital |
| Jul 1, 2020 | $4.0M Series A | Cultivation Capital | |
| Apr 1, 2019 | $3.0M Series U | Advancit Capital, Cultivation Capital, Founders Fund, Seven Seven Six, Balaji Srinivasan | |
| May 1, 2017 | $2.0M Seed | Cultivation Capital | |
| Sep 1, 2015 | $750K Seed | Advancit Capital, Cultivation Capital, Founders Fund, Seven Seven Six, Balaji Srinivasan |