Hemlane Strengths, Domain Expertise, and Key Differentiators
Hemlane is a next generation property management platform.Hemlane streamlines and automates the entire lifecycle of rental management.Hemlane provides rental owners and managers with an intelligent online platform to manage rental properties. For remote rental owners, Hemlane connects them with agents and managers for local support.
Hemlane offers two packages, a software only and a software plus service package. The software automates all administrative tasks, including advertising rentals to the top 30 listing websites, scheduling property showings, performing tenant screening, completing leases, collecting rent, initiating automatic late fees, and coordinating maintenance requests. The service package connects owners with local agents and 24/7 maintenance coordinators. To help build the services network, leasing agents and managers using Hemlane's software connect with newly registered rental owners on the platform.
Hemlane Recent Developments
Hemlane has made significant strides in revolutionizing the property management landscape. With its intelligent online platform, Hemlane automates the entire rental management lifecycle, including advertising rentals, tenant screening, lease completion, rent collection, and maintenance coordination. This streamlined approach has garnered attention and positive reviews from customers across the United States, contributing to Hemlane's impressive 98% customer retention rate. The company has experienced steady revenue growth, driven by its unique value proposition and commitment to enhancing user experiences.
Hemlane Mergers and Acquisitions (M&A) Activities
In December 2019, Hemlane successfully raised $2.5 million in a Series Seed financing round. Prudence Holdings, a renowned investor in prominent real estate startups such as Compass, Morty, and Properly, led the funding round. Other notable participants included Aglaé Ventures, Stanford-StartX Fund, and prominent technology entrepreneurs like Marco Zappacosta, the Founder of Thumbtack, and Sam Hodges, the Founder of Vouch Insurance. This investment injection has empowered Hemlane to redesign property management from scratch, fueling its mission to create a more simplified and effective rental lifecycle management experience.
Hemlane Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Hemlane applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Hemlane and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Hemlane customers.
Hemlane Overview
218 9th Street
San Francisco, CA, 94103, United States
1 855-720-0224
https://www.hemlane.com/
Ownership: - x
Number of Employees: 30
Functional Markets: ERP Financial, ERP Services and Operations,
Key Verticals: Real Estate,
Hemlane Key Enterprise and Cloud Applications
Hemlane
Hemlane Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Hemlane Revenue Breakdown By Type, $M:
Hemlane Enterprise Applications Revenues By Functional Markets, $M:
Hemlane Enterprise Applications Revenues By Verticals, $M:
Hemlane Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Hemlane Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Hemlane Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Hemlane Customers
No. of Hemlane Customers: 20000
No. of Hemlane Enterprise Applications Customers: x
No. of Hemlane Cloud Customers: x
No. of Hemlane Cloud Subscribers: x
Hemlane boasts an impressive customer retention rate of nearly 98% across the expansive United States market. This outstanding achievement is a testament to Hemlane's unwavering commitment to customer satisfaction and its ability to cultivate long-lasting relationships with its valued clientele. By consistently exceeding expectations and delivering exceptional property management solutions, Hemlane has solidified its position as a trusted partner in the real estate industry.
Hemlane Market Opportunities, M&A and Geo Expansions
The property management market presents numerous horizontal and vertical opportunities for Hemlane. On a horizontal level, the demand for cloud-based property management solutions continues to grow, driven by the need for efficiency, cost savings, and improved customer experiences. Hemlane is well-positioned to capitalize on this trend by expanding its market reach and enhancing its product offerings. Vertically, Hemlane can tap into niche markets such as vacation rentals, commercial properties, and multi-family housing to cater the specific industry requirements.
Additionally, Hemlane has the potential for global expansion beyond North America. However, venturing into international markets presents challenges such as adapting to diverse regulatory frameworks, cultural nuances, and localized competition. Strategic partnerships and market research will be crucial for Hemlane's success in expanding its footprint.
Hemlane Risks and Challenges
Successfully entering new regions requires a deep understanding of local market conditions and establishing effective go-to-market strategies.
Hemlane Ecosystem, Partners, Resellers and SI
Hemlane primarily engages in direct sales as its primary distribution channel. By adopting a direct sales approach, Hemlane ensures a direct and personalized connection with its clients, allowing for a tailored and efficient sales process.
Hemlane Cloud Infrastructure Insights
Subscribe to read more about:
- Hemlane Public Cloud and Infrastructure (IaaS)
- Hemlane Platform (PaaS)
- Hemlane Application Delivery
- Hemlane Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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