REIX Corporation, a real estate data and software platform, has closed its Series A round, on an undisclosed value.
Altus Group, Real Capital Analytics and a collection of family office all provided minority investments to the round. As part of the transaction, industry veteran Douglas Prickett has been appointed as the global CEO of REIX.
Dallas-headquartered REIX is a cloud-based data solution for the commercial real estate industry. The company operates two solutions Mango REIX, which is an enterprise data curation platform, and SiiLA, a data, analytics and networking platform, for the Latin America market.
The SiiLA platform helps users see all lease and transaction data, review market statistics, review tenant statistics, access shopping centre data and research real estate funds, among other processes.
Capital from the round will be used to support the development and expansion of both products.
Real Capital Analytics founder and president Robert White, Jr. said, “We are glad to be making a follow-on investment in this venture. Since our first investment in June 2016, we have recognized numerous synergies from our partnership such as expanded data sets and customer efficiencies in the data collection process.
“We are also excited to watch our data come alive in state-of-the-art analytics and reporting products.”
The North American real estate sector, funding looks set to have declined from the levels of 2016, with the first three quarters seeing $225m less equity invested.
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