Real estate data platform Cherre has raised $9m in a Seed funding round led by Navitas Captial.
Investors joining in with the round included Carthona Capital, iLOOKABOUT, Dreamit Ventures, and Red Swan Ventures.
The pre-seed investors of Cherre are Recursive Ventures, Sarona Ventures, Wharton Angel Group, Harvard Angel Group, New York Angels and Angel Investor Forum.
Founded in 2016, Cherre offers large enterprises, insurance companies, banks and investors a platform to collate and resolve property data in real-time, helping to evaluate investment and underwriting opportunities at an accelerated rate.
The data, which comes from public, private and internal sources, provides up-to-date information such as property history, demographics and market comparisons.
This capital injection will be used to keep up with demand levels and expand its operations across the US and Canada.
Navitas Capital managing partner Jim Pettit said, “In less than a year since formally launching its platform, Cherre has already revolutionized the way financial institutions, insurance companies, real estate brokerages and other large businesses process and analyse massive stores of data every day.
“With the backing of Navitas and other investors, the platform will be in pole position to bring its streamlined real estate data services to an exponentially growing roster of clients.”
Earlier in the year, Navitas took part in the $29.5m Series B of real estate loan investment platform PeerStreet. The company empowers consumers to create an investment loan portfolio, with the ability set up automatic investing.
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