PayHOA, a Kentucky-based SaaS startup for self-managed homeowner associations (HOAs), has secured a $27.5 million Series A round, marking its first venture into outside funding. Founded in 2018 by Mike Bollinger, who previously sold two other companies, PayHOA has achieved profitability and over 70% year-over-year revenue growth by offering a central hub for HOA management, including finances, maintenance, and communication. The company, which charges a subscription fee based on the number of units, raised funds to expand further and capitalize on its current market success.
Meet PayHOA, a Profitable and Once-Bootstrapped SaaS Startup That Just Landed a $27.5M Series A
