Tripalink
 | |
| ISIN | 🆔 |
|---|---|
| Industry | Property Management Software |
| Founded 📆 | 2016 |
| Founder 👔 | Donghao Li (CEO) |
| Headquarters 🏙️ | , Los Angeles, California |
Area served 🗺️ | |
| Products 📟 | Co-living space, traditional apartments, studio homes, town houses, and condominiums |
| Services | Residential leasing and rental services |
| Members | |
Number of employees | |
| 🌐 Website | tripalink |
| 📇 Address | |
| 📞 telephone | |
Tripalink is an American real estate company headquartered in Los Angeles, California.[1] Founded in 2016 by Donghao Li, the company operates an AI-driven online platform that provides residential leasing and rental services. Tripalink specializes in developing and managing fully furnished, ready-to-move-in co-living spaces, single-family homes, apartments, condominiums, and townhouses.[2][3]
History[edit]
Tripalink was established in 2016 by Donghao Li, who serves as the company's founder and CEO.[4] The company's inception was inspired by Li's experiences as an international student from China renting an apartment during his post-graduation years at the University of Southern California (USC). Li, confronted with challenges in the rental market, set out to develop a solution specifically for student renters,[5] which subsequently broadened its scope to encompass working professionals. Initially focusing on high-end co-living properties, Tripalink designs spaces that balance privacy with enhanced functionality. Its properties are strategically placed near universities and downtown areas.[6]
The company operates properties across various cities, including Los Angeles, Seattle, Philadelphia, Irvine, San Francisco, Austin, Tucson, Pittsburgh, Berkeley, Arizona, and Tacoma, with additional operations in North America, Europe, China, South Korea, and the Philippines.[7][8]
In 2021, Tripalink expanded its portfolio by acquiring Keystone Properties NW in Seattle, which included 14 properties totaling 628 units.[9]
Tripalink currently manages and operates over 12,000 units in 11 North American cities. Additionally, the company has built 102 self-developed apartment projects in six major cities.
Products & services[edit]
Tripalink offers a range of services to students,[10] young adults,[11] professionals, and families seeking affordable housing options. Tripalink helps individuals locate housing options that come with top-notch amenities. The company's platform also allows tenants to make rent payments, submit maintenance requests, engage with community members, and sign up for events.[12]
Tripalink also manages properties for developers and landlords, providing services such as marketing, leasing, property management, apartment design, and data analysis. The company's technology facilitates virtual tours, online lease signing, and streamlined leasing processes, aiming to enhance tenant convenience.[13]
Tripalink primarily generates revenue from rental income, including monthly rent payments that often cover furnishings and utilities. The company also collects management fees from property owners for operational services.[14]
Funding[edit]
Tripalink has received a total of $50 million in venture capital funding since its inception. In October 2018, the company raised $5 million in its seed round. The round was led by K2VC Ventures and UpHonest Capital.[15]
In February 2019, TripaLink raised an additional $5 million, with Calin SJG Fund leading the round and participation from Tekton Ventures and K2VC Ventures. This funding facilitated Tripalink's expansion into Phoenix and Tempe, Arizona.[16][17]
In August 2019, the company secured $10 million in a funding round that included Calin SJG Fund, L.P., K2VC Ventures, Tekton Ventures, and Oriza Venture, achieving a $100 million valuation.[18]
In November 2021, Tripalink raised $30 million in a Series B round led by Altos Ventures, Assurant Ventures, and Conductive Ventures.[19]
Awards and Recognitions[edit]
In 2022, Tripalink was recognized as one of America's best startup employers by Forbes.
References[edit]
- ↑ "LA-based Co-living Company, Tripalink, Sees Exponential Growth by Operating Both Traditional and Potential Co-living Apartments Nationally". www.prnewswire.com. Retrieved 13 September 2024.
- ↑ "Tripalink Los Angeles Office: Careers, Perks + Culture | Built In Los Angeles". www.builtinla.com. Retrieved 13 September 2024.
- ↑ "Tripalink". Golden. Retrieved 13 September 2024.
- ↑ "Tripalink". www.f6s.com. Retrieved 13 September 2024.
- ↑ "Co-Living Startup, Tripalink, Reduces the Pressure of Student Housing by Developing Customized Youth Co-Living Apartments". www.newswire.com. Retrieved 13 September 2024.
- ↑ "Tripalink, Tech-driven Residential Property Operator, Expands its Market in Seattle with the Acquisition of Keystone Properties NW". www.prnewswire.com. Retrieved 13 September 2024.
- ↑ Welk, Hannah (28 March 2021). "Tripalink Looks Beyond Coliving Properties". Los Angeles Business Journal. Retrieved 13 September 2024.
- ↑ "Tripalink Expands Co-Living Spaces in Koreatown LA". Yahoo Finance. 5 May 2022. Retrieved 13 September 2024.
- ↑ Deng, Zheyu (15 December 2021). "Analysis of the Future Development Potential of Tripalink Using POCD Framework". Atlantis Press. pp. 837–845. doi:10.2991/assehr.k.211209.136. Retrieved 13 September 2024.
- ↑ "Tripalink Upends the Student Housing Business Model - California Business Journal". 24 May 2022. Retrieved 13 September 2024.
- ↑ Lauren, Amanda. "How Tripalink Is Elevating Life For Young Renters". Forbes. Retrieved 13 September 2024.
- ↑ Staff, T. R. D. "Tech-driven Residential Property Operator Tripalink Sees The Pandemic As an Opportunity to Grow". The Real Deal. Retrieved 13 September 2024.
- ↑ "LA-based Co-living Company, Tripalink, Sees Exponential Growth by Operating Both Traditional and Potential Co-living Apartments Nationally | The Hudson Weekly". hudsonweekly.com/. 15 May 2021. Retrieved 13 September 2024.
- ↑ "TripaLink Corp Wi-Fi Solution". blog.grandstream.com. Retrieved 13 September 2024.
- ↑ "How Was Tripalink Able to Achieve a 98% Occupancy Rate in Their Co-Living Properties During the Pandemic?". www.newswire.com. Retrieved 13 September 2024.
- ↑ Staff, T. R. D. (26 March 2019). "Co-living startup Tripalink raises $5M for expansion". The Real Deal. Retrieved 13 September 2024.
- ↑ "Tripalink Raised $5 Million to Build the Next WeWork in Housing Industry". markets.businessinsider.com. Retrieved 13 September 2024.
- ↑ "Tripalink Ups Its Valuation To $100M With $10M In A Series B Funding Round | Online Marketplaces". www.onlinemarketplaces.com. 7 August 2019. Retrieved 13 September 2024.
- ↑ "tripalink-raises-5-million-co-living-expansion". cbj.dragonforms.com. Retrieved 13 September 2024.
