TLDR:
- Middleburg Communities and individual investors participated in an $800,000 seed round for Connexus Living.
- Connexus Living offers a procurement platform for real estate companies to drive net operating income (NOI).
Vienna, Va.-based Middleburg Communities and individual investors have contributed to an $800,000 seed round for Connexus Living, a startup based in Murrells Inlet, S.C. Connexus Living specializes in a procurement and request for proposal platform for real estate companies, focusing on driving net operating income (NOI) through service contract efficiencies. The company was founded in 2023 and currently serves 200,000 units on its platform.
Notable investors in the seed round include Demetrios Barnes, Todd Butler, and Chris Finlay, CEO of Middleburg Communities. Connexus helps commercial real estate owners and managers streamline the RFP process, leading to operational and financial efficiencies. The funds from the seed round will be used to enhance the company’s capabilities and expand its market reach.
According to Devin Wirt, co-founder and CEO of Connexus, the company has already helped owners and operators save over 15% on their current contracts. Middleburg Communities is part of the growing trend in the “build-to-rent” market, focusing on single-family houses leased to sole tenants. The company has invested more than $500 million in its build-to-rent portfolio across various locations, demonstrating significant growth in the sector.
