Short-term rental noise-monitoring solution NoiseAware raises $8M

NoiseAware, a startup that provides noise monitoring for short-term rentals, has raised $8 million in a Series A funding round led by S3 Ventures and Thayer Ventures.

The Dallas-based company says it will use the capital to accelerate product innovation, expand internationally and explore markets beyond short-term rentals.

“I am incredibly proud of our team's steadfast focus on our customers’ needs that has empowered the company to grow from a simple invention into something that both assures our customers’ homes are protected and saves them money,” says Andrew Schulz, NoiseAware CEO.

“We are looking forward to leveraging knowledge from our new partners to help even more people concentrate on their business operation with the peace of mind that NoiseAware is keeping their investment secure.”

NoiseAware, developed by a rental property owner in 2015, says it has saved homeowners and managers $105 million in lost rental revenue due to noise disturbances.

The system uses indoor and outdoor sensors to measure noise levels and duration and calculates the data as a “noise risk score” that property owners can view in a mobile dashboard. If the noise level exceeds customized levels, owners receive an alert.

“With the explosive growth of the short-term rental industry, NoiseAware is poised to make a significant impact on how property managers and homeowners can optimize the earnings on their rentals,” says Jeff Jackson, managing director at Thayer Ventures.

“NoiseAware provides a unique, automated offering that we feel will grow to be valuable in many verticals within the entire lodging industry, including multifamily and traditional hotels.”

Along with the funding, NoiseAware is adding Jackson, S3 Ventures partner Eric Engineer and Catalyst Innovation Lab founder Stephanie Fuhrman as board members.