Douglas Elliman parent company, Vector Group’s PropTech
investment venture, New Valley Ventures, has invested in proptech company,
Humming Homes, a New York-based tech-enabled home management service.
Humming Homes, founded by Adeel Mallick, CEO, Kyle Carnes,
Head of Operations and technology entrepreneur Kevin Ryan, Chairman of the
Board, is creating a new category of end-to-end home management. It has built a
tech-enabled solution for single family homeowners with a digital-first
experience, offering a dedicated in-person home management team with a single
point of contact, 24/7 support, and employs data and insights to avoid reactive
and expensive home maintenance issues.
“New Valley Ventures is dedicated to investing in new tech-enabled services that will benefit real estate agents and their clients and customers,” said Dan Sachar, Managing Director of New Valley Ventures and Vice President of Enterprise Innovation for Vector Group.
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Inman Connect
Vector Group, parent company of Douglas Elliman, and its investment vehicle New Valley Ventures have invested in yet another proptech company since launching at the beginning of March, the company announced on Thursday.
The new investment will be in Humming Homes, a New York-based tech-enabled home management service founded by Adeel Mallick (CEO), Kyle Carnes (head of operations) and Kevin Ryan (chairman of the board). Previously, New Valley Ventures had invested in venture capital firm Camber Creek and lead-to-close agent workflow platform Rechat.
Much like property management services for rental properties, Humming Homes provides a similar service for single-family homeowners, providing “end-to-end home management” with one dedicated home manager serving as a point of contact for all communications.