CREXi, a commercial real estate marketplace, has scored $30m in its Series B led by Mitsubishi Estate (MEC), Industry Ventures and Prudence Holdings.
Existing backers of CREXi Lerer Hippeau Ventures and Jackson Square Ventures also contributed to the round.
The capital infusion will be used to develop its services by enhancing its sales, leasing and auction functions. Furthermore, the PropTech platform will improve its buyer and tenant resources including comparables and market intelligence.
CREXi eases the buying and renting process by incorporating marketing, analytics and deal management with the sales and leasing marketplace. The platform is designed to help brokers, buyers and tenants lower time-consuming processes and boosting access to properties.
CREXi founder and CEO Mike DeGiorgio said, “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.
“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.”
The PropTech company closed its Series A round in 2018 on $11m. Since then, it has added a further 300,000 properties onto its platform for lease and has attracted a customer base of six million.
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