Property Meld
Property Meld sells property maintenance software to property managers, helping them coordinate repairs and maintenance. The company has raised $21M, most recently in a Series B round in January 2023.
The growth story
Property Meld grew from 41 to 78 employees between 2021 and 2026, raising $21M along the way, most recently a Series B in January 2023.
About
Property Meld provides software that helps property managers track and coordinate maintenance requests, repairs, and technician assignments. Its tools aim to improve resident retention, technician efficiency, and repair turnaround times while reducing maintenance costs.
The company has grown to 78 employees and raised $21M in funding, including a Series B round led by Badlands Capital and Frontier Growth in early 2023. Its workforce is primarily sourced from local South Dakota universities and businesses.
Founders and leadership
Sales is the largest function at Property Meld, with 11 employees dedicated to that role. The company is led by a team that includes investors James Weiskerger and Ray Hespen, who are also involved in South Dakota Equity Partners.
The Property Meld org chart
Ray Hespen (CEO & Co-founder) leads 25 mapped leaders with 3 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Sales 17 (-19% YoY), Customer Success and Support 14 (+17% YoY), Business Development 12 (+33% YoY), Engineering 10 (0% YoY), Operations 4 (0% YoY), Administrative 4 (+33% YoY).
Talent flow
Property Meld recruits heavily from South Dakota institutions, with South Dakota Mines and Black Hills State University being the top sources of talent. Alumni often move to local companies like Monument Health and Liv Hospitality.
Most common previous employers of Property Meld staff: South Dakota Mines (4), Mezo (3), Black Hills State University (3), Liv Hospitality (2), University of South Dakota (2), Rapid City Rush (2). Former Property Meld employees most often moved to Monument Health (3), Liv Hospitality (2), Second Nature (2), Point of Rental Software (2), Omnitech (2), Lineage (1).
Alumni worth knowing
The Property Meld mafia
Seven alumni have founded companies, including ScoutFuse, Dogfulness Holistic Dog Training, and Spectra Studios. These ventures are small, with most having just one or two employees.
7Blake Lebeau, was Software Sales Engineer until 2017Bianca Barlow, was Digital Marketing Specialist until 2018Cory Westerfield, was Senior Product Designer until 2023Luke Alvarez, was Customer Success Leader until 2024Kelsey Richards, was Associate Account Executive until 2024Audrea Amstutz, was Growth Marketer until 2022Hiring now
Web traffic
Traffic mix: 78% direct, 6% search, 2% social, 0% paid.
What this company is made of
Most common skills at Property Meld: Communication (20), Sales (20), Customer Service (20), Management (17), Leadership (16), Marketing (13), Team Leadership (13), Public Speaking (11).
Where the team actually sits
Property Meld people are concentrated in South Dakota, United States (39), United States (2), Washington, United States (2), Illinois, United States (1).
Search footprint
Property Meld attracts about 3 organic search visits a month. It gained 5 ranking keywords and lost 1 in the last period.
What employees say
- Compensation
- 3.50 / 5
- Career opportunities
- 3.80 / 5
- Senior management
- 3.60 / 5
- Work-life balance
- 3.70 / 5
Frequently asked
Property Meld has 78 employees as of September 2026.
Property Meld has raised $21M in total, most recently a Series B round in January 2023.
Property Meld was founded in 2014 by Ray Hespen.
Ray Hespen (CEO & Co-founder) sits at the top of Property Meld's reporting structure, with 3 direct reports.
The most common previous employers of current Property Meld staff are South Dakota Mines (4 people), Mezo (3 people), Black Hills State University (3 people).
Former Property Meld employees most often move to Monument Health (3), Liv Hospitality (2), Second Nature (2).
At least 7 companies have a founder who previously worked at Property Meld, including ScoutFuse, Dogfulness Holistic Dog Training, Spectra Studios.
Property Meld attracts about 3 organic search visits a month.
The most common skills among Property Meld staff are Communication, Sales, Customer Service, Management, Leadership.
Property Meld staff are concentrated in South Dakota, United States (39), United States (2), Washington, United States (2).
Property Meld has about 17 people in Sales, down 19% over the past year, as of September 2026.
Property Meld has about 14 people in Customer Success and Support, up 17% over the past year, as of September 2026.
Computed from 50 current and 101 former Property Meld profiles, as of September 2026. Source: Crustdata.
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