SMS Assist
SMS Assist was a Chicago-based, cloud-based multi-site property and facilities maintenance technology company. Its proprietary platform connected commercial and residential property owners with a national network of more than 20,000 certified affiliate subcontractors for janitorial, repair, and maintenance services. The platform offered vendor management, logistics planning, real-time work order tracking, predictive modeling and electronic invoicing across more than 90,000 client locations. Founded by Mike Rothman, the company reached unicorn status in 2016 after raising $150M from Goldman Sachs Investment Partners, and was acquired by Lessen in January 2023 in what was described as the largest proptech merger to date.
Acquired
SMS Assist has been acquired
This company is no longer available on our private secondary market.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
1999
Employees
700–1,000
Total Funding
$255M
4 rounds
Latest Valuation
$1B
June 7, 2016
Funding
Total raised $255M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series D
Date
June 7, 2016
Amount
$150M
Valuation
$1B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| June 7, 2016 | Series D | $150M | $1B | Goldman Sachs Investment Partners |
| May 5, 2015 | Series C | $45M | — | Insight Venture Partners |
| October 22, 2013 | Series B | $45M | — | Pritzker Group Venture Capital |
Prominent Investors
Leadership
Mike Rothman
Founder & Chairman
Marc Shiffman
President & CEO
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
ServiceChannel
Facilities management platform that connects multi-location businesses with service providers, managing work orders and invoices.
Lessen
Tech-enabled outsourced real estate property services platform; acquired SMS Assist in 2023.
FacilitySource
Facilities management solutions provider focused on vendor management, asset tracking, and maintenance scheduling.
Divisions Maintenance Group
National facilities maintenance provider serving multi-site commercial and residential clients.
UpKeep
Mobile-first computerized maintenance management software (CMMS) for managing maintenance work orders and assets.
FMX
Cloud-based facilities management platform helping organizations streamline maintenance operations.
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