Chicago & Midwest + Downtown + Finance | December 9, 2022

Chicago-based Proptech firm Mezo, which focuses on residential property maintenance, has raised $6 million in a seed round

Property Maintenance Platform Mezo Raises $6M in Seed Round

Chicago-based Mezo, provider of an AI-based platform for property maintenance, completed a $6-million seed investment co-led by Chicago Ventures and Building Ventures, with participation from The 81 Collection and notable angels. The company’s technology currently serves more than 70,000 residents of single-family rental, multifamily and student housing properties.

“Despite being the largest controllable cost center for rental property owners, residential maintenance remains a black box,” said CEO Mike Travalini. “Renters often struggle to accurately articulate what is wrong, like identifying a ‘broken toilet’, when a technician needs more information to assess with certainty that it is actually a ‘bad flapper valve.’ This subtle difference wastes resources in the form of unprepared workers who show up lacking the parts needed to make the fix, requiring additional time and cost.”

Mezo was co-founded in 2020 by Travalini, a former executive at what is now Invitation Homes; John Botica; and Erin Karam.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).