Boappa

Boappa operates as a software-as-a-service (SaaS) provider in the Swedish property technology market, offering a dedicated communication platform for housing cooperatives and homeowners' associations. Founded in 2016 by Mats He and Mats Isenberg, the company was established to enhance collaboration and community engagement among neighbors. The platform's business model is primarily B2B and B2C, generating revenue through annual subscription fees paid by the entire association, with pricing dependent on the number of residences. Boappa offers a 30-day free trial and provides a 50% discount to associations that are members of partner organizations like Bostadsrätterna.

The Boappa application is designed to simplify the administrative workload for board members and improve the living experience for residents. It consolidates all essential information and functionalities into a single digital hub, accessible via mobile app and a web browser. Key features include a secure portal for board members, document storage, digital booking systems for shared facilities like laundry rooms, a community feed for resident interaction, and direct chat capabilities between neighbors and the board. This digital solution replaces traditional communication methods such as notice boards, email lists, and separate social media groups, aiming to create more efficient and secure communication. The platform also includes a marketplace, 'BoStore', which features offers on home-related products and services, and a 'Buy & Sell' function to encourage a sharing economy within the community.

Historically, the company has seen significant growth and strategic shifts. In May 2021, the state-owned bank SBAB acquired a majority stake of 58% in Boappa, integrating the app into its ecosystem of housing and financial services. This acquisition was part of SBAB's strategy to enhance its customer offerings throughout the homeownership journey. Subsequently, on October 26, 2023, Boappa was acquired by OurLiving, another digital solutions provider for residential areas, with the goal of further developing and strengthening the service offering. Prior to its acquisitions, Boappa had received venture capital funding from investors including Neptunia Invest and Twig Ventures.

Keywords: residential communication, housing cooperative app, homeowners' association software, property management, PropTech, community engagement platform, digital booking system, resident communication, board management tool, neighbor chat, facility scheduling, document sharing, real estate technology, SaaS, subscription model, Boappa, OurLiving, tenant-owner associations, community management, digital administration