Dwelo Secures $4.9 Million

Real estate startup Dwelo just closed $4.9 million in financing. Two investors contributed to the round, including Peterson Partners.

Dwelo is a home automation platform built for multi-family buildings. The company partners with property owners to turn ordinary apartments into smart units with hardware and software that enables property managers to streamline operations and residents to live with a unique premium amenity.

In its announcement, the company said the new funding will be used to expand the Dwelo’s geographic reach and to invest in both the resident and manager experiences on the platform.