Shane Trigg

Founded way, way back in 2006, cloud property management provider AppFolio is something of an OG in the proptech world. Over the years, though, its technology tools have grown across a variety of residential and commercial properties nationwide.

“We’ve built an AI-native platform designed to meet the moment,” Shane Trigg, AppFolio’s top executive, said in a statement. “It’s not about layering AI on top of existing systems, but about embedding it into the foundation of how work is fundamentally done. Our technology connects data, action and growth in one platform, creating a value ecosystem where everyone thrives: property managers, residents, investors, owners and vendors.”

That success can be quantified, according to Trigg.

“What sets AppFolio apart is our focus on making a meaningful impact,” he said. “Our customers are filling vacancies faster, improving renewal rates, increasing NOI, and gaining time back to focus on their teams and residents.”

The Goleta, Calif-based company’s clients include those working in the multifamily, single-family, student housing, affordable housing, community association, commercial and investment management spaces. The AppFolio Performance Platform in particular seeks to deliver new revenue streams to users through parsed data and agentic Al.

In AppFolio’s third-quarter 2025 financial results announcement, the publicly traded company highlighted that revenue grew 21 percent year-over-year to $249 million, as the total units under management grew 7 percent over the same period to 9.1 million. (The company forecasts its full-year revenue could approach $950 million.) AppFolio’s operating income was $35 million, or 14.1 percent of revenue.

To date, AppFolio has raised $30 million and has six investors, including investment firm Dragoneer Investment Group and venture capital firm Headline.