Ex-BlackRock chairman joins Plentific board
Jack Chandler, former chairman and head of global real estate at BlackRock, has joined the real estate maintenance startup’s advisory board amid an international expansion fuelled by last year’s $100m fundraise.
Adding to a growing list of proptech appointments, Chandler will play a key role in shaping Plentific‘s products for a global market, the startup said.
Used in 800,000 buildings across the UK, Germany and the US, Plentific allows users to manage repairs in their buildings with features such as team and compliance management, invoice approval automation and data analytics.
Chandler spent 25 years at LaSalle Investment Management, including as CEO and executive chairman for Asia Pacific. He is also the former chairman of the Urban Land Institute Americas Executive Committee.
More recently, he founded Majesteka Investments Holdings, a private company focused on “emerging disruptive companies” in real estate and asset management.
He is a board member of half a dozen businesses, including CrowdStreet, Nuveen Global Cities REIT, Regent Properties and iBorrow.
Chandler said: “I have watched Plentific grow and strengthen into one of the most prolific proptech companies working today.
“As the company continues to develop market-leading technology and software for landlords, property managers, tenants and contractors, I see myself enabling it to reach a new inflection point and helping the team forge further relationships with investors.”
Last summer, Plentific raised $100m in a funding round co-led by Brookfield Technology Partners.
The startup, which more than doubled its headcount to almost 200 employees and opened an office in the US in 2021, plans to use the investment to grow its global presence – including in the US – and to fund further product development.
Cem Savas, CEO and co-founder of Plentific, added: “We have experienced phenomenal growth in the last 12 months and are thrilled that with Jack’s experience, we will continue to reach new heights.
“I look forward to Jack accelerating our global expansion and helping us secure even more first-rate investment opportunities with his expertise.”