DALLAS, April 5, 2021 /PRNewswire/ -- NoiseAware,
the leader in smart noise monitoring, announced it has raised
$8 million in Series A funding led by
S3 Ventures and Thayer Ventures (NASDAQ: TVACU). The investment
positions the company, which has monitored over one million stays,
to accelerate product innovation and market expansion.
NoiseAware's market maker position is strengthened with a
world-class investment team that balances travel and lodging
expertise, first-rate SaaS experience, and a strategic industry
network. New board members include Eric Engineer from S3 Ventures,
the largest venture capital firm focused on Texas, and Jeff
Jackson from Thayer Ventures, adding NoiseAware to its
impressive portfolio of travel-focused companies. Stephanie Fuhrman, founder of Catalyst
Innovation Lab and former Head of Innovation at Greystar, also
joins the board to add a wealth of experience in multifamily
providers and prop-tech. The new board members bolster an
impressive group of advisors including long-time NoiseAware
investor and board member Tom Hale,
vacation rental industry veteran who led
HomeAway® in product and operations through the
company's IPO and acquisition by Expedia Group.
With the funding, NoiseAware will build on its foundation in the
short-term rental industry, fostering new partnerships, launching
internationally, and leading the way in smart noise monitoring in
the growing sector of multifamily communities.
"I am incredibly proud of our team's steadfast focus on our
customers' needs that has empowered the company to grow from a
simple invention into something that both assures our customers'
homes are protected and saves them money," said Andrew Schulz, NoiseAware CEO. "We are looking
forward to leveraging knowledge from our new partners to help even
more people concentrate on their business operation with the peace
of mind that NoiseAware is keeping their investment secure."
"With the explosive growth of the short-term rental industry,
NoiseAware is poised to make a significant impact on how property
managers and homeowners can optimize the earnings on their
rentals," said Thayer Ventures' Jeff
Jackson. "NoiseAware provides a unique, automated offering
that we feel will grow to be valuable in many verticals within the
entire lodging industry, including multifamily and traditional
hotels."
"We're excited to add NoiseAware to our portfolio of
trailblazing Texas-grown
companies," said Eric Engineer, Venture Partner of S3 Ventures.
"Andrew and his team have established a clear leadership position
by elegantly solving a real problem with a truly unique
offering–coupled with a compelling vision for expansion into
new markets."
Key team leadership roles have recently been filled to scale the
impact of NoiseAware's business. Chief Operating Officer
Peter Taylor, a seasoned growth
driver in mid-stage companies, leads the latest round of executive
hires. Hiring is taking place across all disciplines and experience
levels, including the positions of Director of Product Management
and Strategic Account Manager. Open positions can be viewed at
https://jobs.lever.co/noiseaware.
About NoiseAware
Developed by a rental property owner in 2015, NoiseAware was the
first to enter the market with a solution to the number one signal
of potential property damage – noise. The NoiseAware
privacy-safe smart noise monitoring solution saves property owners
and managers time and money, allowing them to maximize their Return
on Rentals and minimize hassle and expense. The company has
helped short-term rental homeowners and managers save $105 million in lost rental revenue due to noise
disturbances. NoiseAware helps create responsible guests, good
neighbors, and community harmony. To learn more visit
www.noiseaware.com.
About S3 Ventures
S3 Ventures is the largest venture capital firm focused on
Texas. Backed for 15+ years
by a philanthropic, multi-billion-dollar family, we empower great
entrepreneurs with the patient capital and true resources required
to grow extraordinary, high-impact companies in Business
Technology, Consumer Digital Experiences, and Healthcare
Technology.
About Thayer Ventures
San Francisco-based Thayer
Ventures is an early-stage venture capital firm with a strategic
focus on technology within the global travel and transportation
industry. Thayer prioritizes early-stage b2b companies but
selectively looks at seed and later-stage deals with selective b2c
activity. Currently, Thayer Ventures manages four active
investment vehicles with over $100 million in capital and
over 20 active portfolio companies.
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SOURCE NoiseAware