
Lula Secures $28 Million Series A Investment to Revolutionize Property Maintenance
Lula, a pioneering platform revolutionizing property maintenance, has successfully closed a $28 million Series A funding round. The round was led by PeakSpan Capital with continued support from RET Ventures, an existing investor. This new injection of capital will accelerate Lula’s mission to transform the property maintenance industry, leveraging state-of-the-art technology and an extensive network of skilled and vetted contractors.
The funding will be pivotal in scaling Lula’s platform to meet the increasing demand for efficient, reliable, and technology-driven property maintenance solutions. Since its founding in 2017, Lula has experienced rapid growth, positioning itself as a trusted partner in property maintenance. The company currently operates in 42 markets across the United States, providing property management teams and investors with access to a wide array of expert services.
These services span the full spectrum of maintenance needs, from plumbing and electrical work to HVAC services and general repairs. With a network of more than 6,000 “Pros”—skilled contractors including handymen, electricians, plumbers, and HVAC specialists—the company has created a scalable, reliable solution to property maintenance challenges.
In 2024, Lula’s proprietary platform processed over 100,000 work order requests, serving more than 125 property management clients. This impressive volume underscores the company’s growing footprint and operational capacity. As the platform continues to expand, Lula has emerged as a go-to resource for property managers and investors seeking to optimize their maintenance operations, reduce costs, and improve service quality.
The Series A funding will be strategically used to expand Lula’s reach and capabilities, with a primary focus on enhancing the technology underlying its platform. A significant portion of the capital will be dedicated to further developing artificial intelligence (AI) capabilities, specifically to improve the company’s recently launched work order management platform, Foresight.
This AI-powered software-as-a-service (SaaS) solution is designed to seamlessly integrate property management teams, third-party contractors, and Lula Pros into a unified, efficient system for managing maintenance tasks. The ultimate goal of Foresight is to help property management companies streamline operations, improve response times, and provide a superior maintenance experience for residents and tenants alike.

“We’re at a critical moment in our journey,” said Bo Lais, the CEO and Founder of Lula. “This investment represents a huge leap forward for Lula, and we’re excited to continue transforming the property maintenance experience. With PeakSpan’s support and the ongoing commitment of RET Ventures, we have the resources to accelerate our growth, expand our Pro network, and continue providing exceptional value to our customers. Our vision remains clear: to make property maintenance seamless, efficient, and stress-free for property managers and residents nationwide.”
The partnership with PeakSpan Capital marks a key milestone in Lula’s evolution. Kyle Reitinger, Vice President at PeakSpan Capital, expressed his enthusiasm for the collaboration: “From the moment we met Bo and the team, we’ve been impressed by Lula’s ability to tackle the complexities of residential maintenance with a unique combination of cutting-edge technology and a broad contractor network.
Lula’s commitment to driving capital-efficient growth and innovating with new products like Foresight has been evident from the start. We see significant potential to further optimize maintenance workflows across the residential sector, and we’re thrilled to support Lula as they enter this next phase of development.”
Aaron Ru, Principal at RET Ventures, shared his perspective on the growing need for efficient property maintenance solutions: “As property owners and operators navigate an increasingly unpredictable economic landscape, the need to streamline labor-intensive processes like property maintenance has never been more pressing. We initially invested in Lula in 2022 because of its strong product-market fit and traction.
Over the last three years, we’ve continued to be impressed by the company’s growth, execution, and ability to deliver real value to property owners. As we double down on our investment in Lula’s Series A, we’re excited to see how the company continues to refine its offerings and deliver even more value to residential owners across the country.”
The current real estate environment presents a range of challenges for property owners and managers, including rising labor costs, an aging housing stock, and an increasingly competitive rental market. Efficiently managing property maintenance has become a top priority for operators, with the goal of reducing costs, minimizing downtime, and ensuring that maintenance issues are addressed promptly and effectively.
Lula’s platform addresses these challenges by offering a comprehensive, integrated solution that brings together property managers, contractors, and tenants in a user-friendly environment. This approach helps reduce friction in the maintenance process, ensuring faster response times and more reliable service.
In addition to its contractor network, Lula has built strong partnerships with a wide range of service providers, ensuring that property managers can access the full suite of services they need to maintain their properties. The company’s platform allows users to easily create and track work orders, assign tasks to contractors, and monitor progress in real time. Through a combination of automation and AI-driven insights, Lula is able to ensure that the right contractor is dispatched for each job, reducing the risk of delays and improving service quality.
Looking ahead, Lula plans to continue building on its success by expanding its footprint in existing markets and entering new geographic regions. The company also plans to deepen its AI capabilities with further enhancements to Foresight, which will enable property managers to track performance metrics, forecast maintenance needs, and identify potential issues before they become costly problems.
By offering proactive maintenance management tools, Lula hopes to further differentiate itself from traditional maintenance services and establish itself as the go-to solution for property managers across the U.S.
This Series A investment comes at a time when the demand for innovative property management solutions is growing rapidly. With the market for property maintenance continuing to expand, Lula is well-positioned to capitalize on this growth by offering a superior product that addresses the needs of modern property managers. The company’s focus on technology-driven solutions, combined with its extensive network of qualified contractors, positions it as a leader in the property maintenance space.
Lula’s story is one of rapid growth, innovation, and a commitment to improving the property maintenance experience. By leveraging cutting-edge technology and a robust contractor network, the company is reshaping the way maintenance is handled in the real estate sector. As the company continues to grow, Lula is poised to play a pivotal role in transforming property maintenance for the better.
The future of property maintenance looks increasingly automated and data-driven, and Lula’s vision of creating a seamless, efficient, and stress-free experience for property managers and tenants is on track to redefine the industry. With its Series A funding, Lula is now equipped to accelerate its growth, expand its technology offerings, and further solidify its place as a market leader.
As Lula continues to scale, the company remains committed to its mission of making property maintenance easier, more efficient, and more reliable. By advancing technology, expanding its network, and listening to the needs of its customers, Lula is poised to revolutionize the property maintenance industry for years to come.