Sugar Raises $2.5 Million

Sugar, a startup that aims to turn apartment buildings into interactive communities has closed on $2.5 million in seed funding. Seed investors include MetaProp, Agya Ventures, Concrete Rose, Debut Capital, The Community Fund, Consonance Capital, Lightspeed Scout Fund and Jason Calacanis’ LAUNCH syndicate. Also participating were angel investors such as SquareFoot CEO Jonathan Wasserstrum, Ben Zises, Diran Otegbade, Oleksiy Ignatyev and Zillow board member Claire Cormier Thielke, also of Sequoia Scout Fund. As people began quarantining due to the COVID-19 pandemic, CEO Fatima Dicko saw an opportunity to help make it easier for people living in apartments and residential communities to engage with one another in a safe and efficient way. So she partnered with real estate investment groups and property management companies to build an app for residents of apartments and those communities who might be feeling isolated and disconnected from their neighbors.