Valuation
$930.2M
2024 Revenue
$730.8M
Customers
18.3K
Funding
$30M
Avg ACV
$39.8K
Team
1.9K
Profits
$1
Churn
3%
How Appfolio CEO Jason Randall grew Appfolio to $730.8M revenue and 18.3K customers in 2024.
AppFolio Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. Its property management software provides small and medium-sized property managers with an end-to-end solution to their business needs. The company's products include cloud-based property management software (Appfolio Property Manager); rental syndication and lead tracking software (Rentlinx); and cloud-based legal practice management software (Mycase). It also offers value-added services, such as Website design and electronic payment services. Business activity of the firm is primarily functioned through the United States and it derives revenue from the source of subscription fees.
Last updated
Appfolio Revenue
In 2024, Appfolio's revenue reached $730.8M. The company previously reported $310.1M in 2021. Since its launch in 2005, Appfolio has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Appfolio Hit $730.8m revenue in December 2024Source | |
| 2021 | Appfolio Hit $310.1m revenue in April 2021 | |
| 2005 | Launched with $0 revenue |
Appfolio Valuation, Funding Rounds
Appfolio's most recent disclosed valuation is $930.2M.
Appfolio has raised $30M in total funding across 3 rounds, with its most recent round in 2009.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2009 | Funding round | $8M | - | - | |
| 2008 | Funding round | $17M | - | - | |
| 2007 | Funding round | $5M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Appfolio serves 18.3K customers.
Appfolio Employees & Team Size
Appfolio employs approximately 1.9K people as of 2026, up from 1.2K in 2021, including 210 sales reps that carry a quota. It serves 18.3K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 1.9K employees (December 2024) |
| 2021 | Reached 1.2K employees (April 2021) |
Frequently Asked Questions about Appfolio
What is Appfolio's revenue?
Appfolio generates $730.8M in revenue.
Who founded Appfolio?
Appfolio was founded by Jason Randall.
Who is the CEO of Appfolio?
The CEO of Appfolio is Jason Randall.
How much funding does Appfolio have?
Appfolio raised $30M.
How many employees does Appfolio have?
Appfolio has 1.9K employees.
Where is Appfolio headquarters?
Appfolio is headquartered in United States.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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