ID Plans, a provider of property intelligence and technology solutions for the commercial real estate industry, announced a strategic investment from Polaris Growth Fund (PGF), a Boston-based private equity firm that partners with founder-led software and technology-enabled services companies. The partnership will provide ID Plans with additional capital, strategic resources and operational expertise to support its expansion across the commercial real estate market and accelerate innovation and development of new capabilities.
“This is an exciting next chapter for ID Plans,” said Jeff Landry, ID Plans founder and CEO. “We have built an incredible company because of our people, our customers, and our relentless focus on solving real challenges in commercial real estate. In PGF, we found a partner that believes in what we have built and shares our vision for what ID Plans can become. Their experience, resources and growth mindset will help us move faster, invest in our capabilities, and create even greater value for our customers.”
ID Plans has developed a leading property intelligence and management solution ecosystem since its founding in 1999. The investment from PGF will empower ID Plans to scale while preserving its focus on providing customers with a solution that reflects their lived experiences and comprehensive support to overcome emerging industry challenges. ID Plans will continue to operate under its existing name and leadership team.
“ID Plans has built a differentiated business with a talented team, strong customer relationships and significant opportunity ahead,” said Dan Lombard, PGF managing partner. “We are excited to partner with Jeff and the ID Plans executive leadership team to build on the company’s strong foundation. We see meaningful opportunities to invest in the platform, expand the company’s reach, and support ID Plans as it enters its next phase of growth.”
