LOS ANGELES, Jan. 24, 2020 /PRNewswire/ -- CREXi, the commercial real estate (CRE) industry's fastest-growing marketplace, data, and technology platform, today announced a $30 million Series. For more information on CREXi, visit www.crexi.com. Since CREXi's Series A announcement in2018, the companyhas added over 300,000properties available for sale or lease while growing its user base to 6 million through increased added value to its free and paid platforms. She has an extensive background working across emerging B2B and B2C technology startups. Retailers faced a wide range of challenges in 2022. Transgender and/or Non-Binary Women 5.0 Current Employee Great company! Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. The Series B commitment was led by Mitsubishi Estate Company, Industry Ventures, and Prudence Holdings. Series B - Crexi Overview Organization Name Crexi Announced Date Jan 24, 2020 Funding Type Series B Funding Stage Early Stage Venture Money Raised $30M Lead Investors Prudence Prudence is an early-stage venture investor in technology companies leading the global transformation of the real estate sector. CREXi directly addresses this market need, providing fair access to a range of CRE information., Los Angeles-based CREXi has grown to employ more than 125 people since CEO. Commercial Real Estate Exchange Inc., or CREXi, has raised $30 million in a Series B funding round. $503 million to invest in real estate technology. Commercial Real Estate Exchance, Inc. (CREXi) is a powerful digital marketplace for commercial real estate buyers, sellers, and investors operating in direct competition with LoopNet. The prop tech industry continues to grow throughout the country. Existing investors Lerer Hippeau Ventures, and Jackson Square Ventures also joined this round. You're more than your latest funding, tell our customers your company's story. DeGiorgio said the funding would allow CREXi to deepen the functionality to take a really archaic process and bring efficiencies to it and make it much, much easier.. Date that the Funding Round was publicly announced, Type of Funding Round (e.g. 1. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. commercial real estate, announced a funding round this week worth $30 million. The CFOs main task is to prepare the companys books and internal controls for a public offering to draw institutional investors, he said. www.crexi.com Ownership Status Privately Held (backing) Financing Status Venture Capital-Backed Primary Industry Media and Information Services (B2B) Other Industries Buildings and Property Primary Office 5510 Lincoln Boulevard Suite 400, Playa Vista Los Angeles, CA United States +1 (888) 000-0000 CREXi Timeline 2020 2021 2022 2023 Crexi is a complete commercial real estate platform housing all the tools you need to transact - from listing and finding properties to closing on the perfect opportunity. Built AI is a real estate investment analysis platform that enables real estate professionals to analyze commercial property opportunities better. And more recently, a California-based location data company called Placer.ai closed a $12 million Series A round last week. Existing investors Lerer Hippeau Ventures, and Jackson Square Ventures also joined this round. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Tishman Speyer eyes luxury hotel at Rockefeller Center, Yankees slugger Aaron Judge buys Manhattan penthouse, EXCLUSIVE: CoStars Andy Florance on buying Ten-X, the future of office buildings and why brokers dont need discounts, Back in court: CoStar sues rival over massive copyright infringement. As a part of the product launch, CREXi partnered with Clark County, Nevada, to conduct its first entirely-online CRE auction. Commercial Real Estate Exchange, Inc. (CREXI) is the commercial real estate industrys fastest-growing marketplace and technology platform dedicated to supporting the CRE industry and its stakeholders. In November, New York City-based proptech firm, SquareFoot, raised $16 million in a Series B round led by DRW Venture Capital. Founded in 2015, Crexi is a ventured-backed commercial real estate ("CRE") marketplace and technology platform dedicated to supporting the CRE industry and its stakeholders. | Advertise Intelligence lets brokers and buyers see the latest trends and access real-time activity and insights into the commercial real estate industry through the companys thousands of properties. Following up with buyers and brokers is simple. Crexi directly addresses this market need, providing fair access to a range of CRE information. Its investors include New York City-focused Prudence Holdings, Mitsubishi Estate, Industry Ventures and Jackson Square Ventures. By continuing to use this site you are consenting to these choices. The lawsuit, filed in U.S. District Court for the Central District of California, alleges six claims including copyright infringement, misappropriation and breach of contract. Copyright 2023 ALM Global, LLC. Read the latest edition of the Commercial Observer online! CREXi launched its Auction platform in 2019[9]. Seed Round - Crexi Crexi Seed $8,700,000 May 26, 2017 Using AI and machine learning algorithms, estie simplifies office search for tenants and analytics for institutional investors. Our mobile app team launched some new features this month, like the ability to share listings and view search results in list view. CREXi's deal structure is available for 1 funding round, including their Series A from May 21, 2018. Our precise search filters help you. Since launching in 2016, CREXi has quickly become the most active marketplace in the industry. Existing investors Lerer Hippeau Ventures, and Jackson Square Ventures also joined this round. Sign In Now, Underwriting Assumptions Stabilize for Prime Multifamily Assets, WeWork, Rhone JV Defaults on San Francisco Office Tower, NY Fed: CRE Stress Will Prevent Full NYC Recovery, Multifamily Owners Squeezed as Values Drop 20%. Led by Mike DeGiorgio, founder and CEO, CREXi aims to simplify the CRE process by integrating the sales and leasing marketplace with a suite of marketing, analytics, and deal management tools. The platform provides market intelligence, analytics, and comparables to enhance access and enable deals to close, The firms mission is to streamline and digitize every aspect of the [commercial real estate] industry., The CRE industry is evolving, and market players, especially younger, digitally native generations are seeking out platforms that provide free and open access to information, said, , general partner at Prudence Holdings, in an announcement. Crexi Filed Counterclaims to 2020 Suit Unsuccessfully. LOS ANGELES, Jan. 24, 2020 /PRNewswire/ -- CREXi, the commercial real estate (CRE) industry's fastest-growing marketplace, data, and technology platform, today announced a $30 million Series B funding round led by Mitsubishi Estate Company ("MEC"), Industry Ventures, and Prudence Holdings. from 8 AM - 9 PM ET. Prudence is an early-stage venture investor in technology companies leading the global transformation of the real estate sector. Claim your profile to get in front of buyers, investors, and analysts. | Disclaimer We are ecstatic to close this round of funding which will propel our growth and support our mission to streamline and digitize every aspect of the CRE industry, said Mike DeGiorgio, founder and CEO of Crexi. Commercial Real Estate Exchange, Inc. (CREXI) is the commercial real estate industry's fastest-growing marketplace, advanced technology and data platform dedicated to supporting the CRE industry and its stakeholders. Buyers and lessees can search for properties by region, price, equity, square footage, and other parameters. CoStar said CREXI employees engaged in flagrant and widespread copyright infringement. These tools include preferred property placement in searches, a built-in CRM dashboard with access to buyer data and leads, real-time reporting and a comprehensive analytics dashboard, and due diligence document management and storage with advanced SSL encryption. He held the same position at social web platform Livefyre in the runup to its 2016 acquisition by Adobe, and served as Coinbases first interim CFO for a year starting in 2017. Zentra offers a combination of software, hardware, and services for smart property access. Crexi has a post-money valuation in the range of $100M to $500M as of Jan 24, 2020, according to PrivCo. Existing investors Lerer Hippeau Ventures, and Jackson Square Ventures also joined this round. our sites and services. CREXi is a commercial real estate platform that consolidates the commercial real estate process into a single ecosystem. Search, filter, and browse hundreds of thousands of commercial listings for sale and for lease. "MEC, Industry Ventures, and Prudence Holdings are powerhouse investors who share our vision of modernizing commercial real estate sales, lease, data and insights for the benefit of all parties involved.". Crexi Dec 2021 - Present1 year 5 months Tampa, Florida, United States CREXi is an open marketplace for Commercial Real Estate. The Daily Deal Newsletter, Koffie Insurance Closes $11M Series A Funding, Secondary Venture Capital Firm Industry Ventures Closes Two Funds, at $700M. Crexis mission is to fully support all aspects of the CRE industry for the benefit of CRE professionals, investors, principals, and tenants. LOS ANGELES, CA, CREXi announced a $30 million Series B funding round led by Mitsubishi Estate Company. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. >> Click here for more funding data on CREXi, >> To export CREXi funding data to PDF and Excel, click here, >> Click here for in-depth research on 9,000 startups and 5,000 VC investors. The Series B funding will be used to support this mission, enabling CREXi to grow its core business of broker services across the sales, leasing, and auction functions, and fueling the refinement and expansion of buyer and tenant resources such as comparables and market intelligence. The " Winning Bidder " is the Bidder that submits the highest Bid. CREXi is also looking ahead. 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