New York, NY — June 2024 — Vertica Capital Partners, a growth equity firm focused exclusively on mission-critical vertical software, today announced a strategic investment in Property Control, a leading software platform for homeowner associations (HOAs), condominium communities, and property management companies.
The Operating System for Community Management
Property Control provides an integrated suite of tools that HOAs and property management companies rely on to manage their daily operations, including accounting and financial management, violation tracking, architectural review workflows, resident communication, and board meeting management. The platform serves as the system of record for thousands of communities, deeply embedded in the workflows of property managers and board members alike.
The property management software market is large, growing, and highly fragmented. Communities increasingly demand modern, cloud-based solutions to replace legacy systems, and Property Control is well-positioned to capture this transition with its comprehensive feature set and intuitive user experience.
Vertica’s Property Tech Expertise
This investment builds on Vertica’s deep experience in the property management software vertical. The firm’s portfolio includes Condo Control, a property management platform serving over 7,000 communities that has achieved 80%+ ARR growth, more than doubled its customer base, and completed two strategic acquisitions since Vertica’s investment.
Vertica will apply the operational playbook refined across its property tech portfolio to support Property Control’s growth, including go-to-market acceleration, talent acquisition, product development, and strategic M&A.
“Property management software is a category we know exceptionally well. Property Control has built a platform that community managers trust and rely on every day, and we see significant opportunity to accelerate growth by investing in sales, marketing, product, and strategic acquisitions.” — Vitaly Vorobeychik, Managing Director and Co-Founder
About Property Control
Property Control is a leading provider of software for homeowner associations, condominium communities, and property management companies. The platform provides integrated tools for financial management, communications, compliance, and community operations.
About Vertica Capital Partners
Vertica Capital Partners is a growth equity firm managing over $1 billion in capital focused exclusively on mission-critical vertical software and tech-enabled service businesses. For more information, visit www.verticacp.com.