Community association management software provider Vantaca started in Wilmington in 2017 and has steadily grown its footprint since, both locally and within its industry.

Founded by Dave Sweyer, the company now has 261 employees, with about 122 based in the area.

Vantaca recently landed on this year’s Inc. 5000’s list of fastest-growing privately held companies in the U.S. for the fifth consecutive year, this time ranking No. 1,575 with a 278% growth rate over three years.

In November, Vantaca acquired HOAi, a California-based AI technology provider. “This acquisition is a game-changer in our mission to build the future of community management," Vantaca CEO Ben Currin said at the time.

Currin talks about the company’s growth and future with AI in this recent Q&A.
 

Can you talk about some of the things that have fueled growth in recent years (61% revenue growth from 2023 to 2024 and reaching nearly 6 million households nationwide)?

“We’ve grown by being laser-focused on what our customers need and not being afraid to innovate ahead of industry trends. Community management companies have realized that Vantaca isn’t just accounting software or a back-office tool – it’s their operating system. It powers their teams to work faster, helps drive better results for their customers, and ultimately makes them meaningfully more profitable.

When our customers capture those results, they grow their business and expand with us. That creates a flywheel where customer success fuels our growth. Pair that with the continuous investments we’ve made in product and customer success, and it’s clear why the momentum has been so strong.”
 

How has Vantaca been leveraging AI since acquiring HOAi?

“We’ve had great ambition about what’s possible through AI in our industry for years, and the acquisition of HOAi has accelerated this into reality – not just for Vantaca, but for the entire industry. HOAi is delivering agentic AI that can supercharge management companies, handling back-office processes and homeowner interactions at scale.

This isn’t about AI that just answers questions – it’s AI that acts. Whether processing invoices, completing workflows, responding to homeowners and even handling calls with patience and empathy 24/7. The result is a step-change in efficiency, but just as importantly, it unlocks a higher level of service that management companies never had the time or bandwidth to deliver before.”
 

What are examples of tasks that community association management companies are using that technology for?

“This industry is the perfect application for agentic AI because so much of the work is process-based and repeatable. Today, AI is processing invoices, managing work orders and answering homeowner questions instantly. With HOAi Voice, it’s even handling phone calls around the clock – patiently walking a homeowner through inquiries at any time of day or night.

The impact is real and measurable: More than 600,000 routine tasks have already been eliminated across management, accounting and support functions. That’s over 46,000 hours of staff time returned to management companies and millions of dollars of labor costs saved. But what excites me most is what that unlocks – management company employees can now spend their time building relationships, strengthening communities and delivering a level of service that simply wasn’t possible before.”
 

What do you think it will take to gain more of the community association management software market for you all?

“This industry is at a crossroads. The management companies embracing modern technology and AI aren’t just growing – they’re growing beyond what they thought was possible. Those slower to adopt are already feeling that competitive impact.

Our focus is simple: keep helping our customers grow, win and succeed. That means empowering them to deliver a better version of community management – more responsive, more efficient, more value-added. The more forward-thinking companies prove what’s possible with Vantaca, the more the industry reshapes itself around that future.”
 

What are some of your overall goals for Vantaca in the next couple of years?

“Our goals are to keep leading, keep innovating and keep delivering results that matter. That means expanding the platform, deepening AI capabilities and giving management companies the tools to run the most efficient, profitable businesses possible.

But it also means helping them deliver more for their customers. We want to elevate community management itself – making the living experience in these communities better. If we continue to innovate while relentlessly focusing on customer outcomes, both Vantaca and our customers will thrive.”
 

What are some of your goals for the company locally?

“Wilmington is home – not just for Vantaca, but for me and my family. One of the most meaningful parts of building this company has been seeing so many of our team members succeed, both professionally and personally, right here in a place we love. Creating that kind of opportunity – where people can build great careers and great lives without having to leave Wilmington – is something I take very personally.

We’re proud to prove that you can build a world-class technology company right here in Wilmington, North Carolina. Just like other success stories that started in this community, our hope is that Vantaca inspires the next wave of growth. This city has given us so much, and we’re excited to keep contributing to its future.”