Proptech Firm Cecilian Partners Secures $11M in Series A Funding Round Led by Resolve Growth Partners

Cecilian Partners secures $11M in Series A funding led by Resolve Growth Partners for its proptech solutions. The investment will drive digital transformation in the home building and land development industry, fueled by Cecilian's rapid growth and innovative offerings.

Proptech Firm Cecilian Partners Secures $11M in Series A Funding Round Led by Resolve Growth Partners
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Pennsylvania, USA -  20th September 2023: Cecilian Partners, a prominent proptech firm specializing in end-to-end digital solutions for home builders and land developers, has announced the successful completion of its Series A funding round, raising an impressive $11 million. Investment firm, Resolve Growth Partners, led the funding round, propelling Cecilian Partners into a new phase of expansion and innovation within the U.S. market.

Founded in 2019, Cecilian Partners has steadily emerged as a key player in the proptech sector, aiming to transform the way home builders and land developers operate through cutting-edge digital solutions. Their unique software suite offers an all-encompassing approach to digitizing the land and property development process, streamlining operations, and enhancing the overall customer experience throughout the homebuying journey.

John Cecilian, Jr., co-founder and CEO of Cecilian Partners, expressed his excitement, stating, "Being an entrepreneur is difficult. Growing the firm out of the basement of my house four years ago to thriving and growing in this current market is thrilling — and receiving that term sheet from Resolve Growth Partners was a moment of validation and excitement for me and my team."

The Series A investment comes at a time when early-stage funding has seen a significant decline, with Q2 2023 recording the lowest quarterly total investment in North American firms in over three years. However, Resolve Growth Partners was drawn to Cecilian Partners due to its remarkable revenue growth, a proven business model, and a clear path to profitability, signaling a bright future for the proptech firm.

Chris Rhodes, co-founder and Managing Partner at Resolve, expressed enthusiasm for the partnership: "This market has traditionally been underserved by technology. Cecilian offers a first-of-its-kind solution to help its customers transform their businesses through digitization and a true partnership approach."

Cecilian Partners has experienced rapid growth since its inception, with its revenue tripling over the last 12 months, surpassing the typical growth rate for early-stage SaaS companies. The firm's client base has expanded by 65%, and it now serves a national clientele of builders and developers across multiple states, including Texas and Florida, where a significant portion of new U.S. homes are built.

In addition to this funding round, Cecilian Partners has earned recognition within the industry, including its inclusion in the HousingWire TECH100 list, the PHL Inno Fire Award, and acknowledgment as one of the best places to work in the greater Philadelphia area.

With the strategic investment from Resolve Growth Partners, Cecilian Partners aims to accelerate its growth trajectory. The company will increase its investment in product innovation and talent acquisition while benefiting from Resolve's financial expertise and SaaS company-building experience. This strategy encompasses restructuring the Board of Directors and strengthening key business areas.

Cecilian Partners plans to expand its team by 50% over the next 12-15 months, with a focus on key locations, including Chicago, Dallas, Raleigh, and its company headquarters in New Hope, Pennsylvania.