INSUBCONTINENT EXCLUSIVE:
the commercial real estate marketplace, was able to establish a strong presence for its digital marketplace and toolkit for buyers, sellers
and investors.Since the company raised its last institutional round in 2018, it has added more than 300,000 properties for sale or lease
across the United States and increased its user base to 6 million customers, according to a statement.It has now raised $30 million in new
Previous investors Lerer Hippeau Ventures and Jackson Square Ventures also participated in the financing.CREXi makes money three ways
of a transaction; and a data and analytics service that allows users to get a view into the latest trends in commercial real estate based on
can take a property from marketing to the close of a sale or lease without having to leave the platform.According to chief executive Mike
DeGiorgio, the company is also recession-proof thanks to its auction services
industry is evolving, and market players, especially younger, digitally native generations are seeking out platforms that provide free and
Estimates from Built in LA count roughly 127 companies, which have raised in excess of $2.4 billion, active in the real estate industry in
These companies range from providers of short-term commercial office space, like Knotel, or co-working companies like WeWork, to companies
focused on servicing the real estate industry like Luxury Presence, which raised a $5 million round earlier in the year.Due to inaccurate
information provided by the company, an initial version of this story indicated that CREXi had raised $29 million in its Series B round
The correct number is $30 million.
