Multifamily operating platform Venn has acquired Zuma, an artificial intelligence leasing company, for $50 million, Commercial Observer reported. Venn provides bespoke artificial intelligence systems that connect residents and property operations on a single platform.
Zuma, founded in 2021 in Santa Monica, California, develops agentic artificial intelligence tools used by multifamily operators for property leasing, lease renewals, and rent collections.
What happened
Commercial Observer reported that Venn purchased Zuma to integrate its machine learning models and leasing software into Venn's platform. Following the acquisition, Zuma co-founder Shiv Gettu is leading strategic partnerships for Venn, while co-founder and chief product officer Kendrick Bradley serves as executive general manager for Venn's leasing practice. Both co-founders relocated to New York City to join the combined firm.
Venn, founded in Tel Aviv and based in Manhattan, has raised more than $140 million in capital, including a $52 million Series B funding round co-led by NOA and Group 11. Zuma had backing from venture firms including Andreessen Horowitz, Y Combinator, and King River Capital. Venn serves more than 270 multifamily owners and operators across five countries and 30 U.S. states, with clients such as Bozzuto, Related Companies, Kairoi Residential, and Grand City Properties. Chief Executive Officer Or Bokobza reported that contracted revenue quadrupled over the past year, with the company expecting to pass one million units under management by the end of the year.
What it changes for a closing
Multifamily acquisitions and debt refinancings rely heavily on historical leasing velocity, current occupancy verification, and ongoing rent collections. Zuma automates these administrative touchpoints, running artificial intelligence agents for leasing inquiries, lease renewal notices, and rent collections. Bringing those functions under Venn's central platform centralizes tenant interactions into a single system across portfolios.
For closing teams reviewing underwriting files, title packages, and loan agreements, operational technology changes how property records are gathered and verified. Multifamily owners like Bozzuto and Related Companies manage large portfolios where automated leasing records directly feed into rent rolls, bad debt calculations, and trailing financial statements required by lenders and legal counsel prior to closing.