Cherre, a prominent real estate data management and intelligence platform, recently announced a successful completion of a $30m Series C funding round.
This significant financial injection was led by HighSage Ventures, a firm backed by permanent capital.
The round saw contributions from major names in real estate investment including Nuveen Real Estate, RXR (RADV), and certain principals of TA Realty. Cherre’s funding landscape is further enriched by the continued support from existing investors such as Trustbridge Partners, Glilot Capital Partners, Intel Capital, and Carthona Capital.
Cherre is dedicated to revolutionizing the real estate industry by enhancing data intelligence and management. With this latest capital boost, the company is set to expand its capabilities in providing cutting-edge tools that improve data quality and process intelligence, empowering clients to construct a composable target operating model poised for future competitive advantage.
This investment comes on the heels of a year marked by double-digit revenue growth for Cherre, underpinning its commitment to drive innovation within the real estate sector.
Cherre’s platform addresses the urgent needs of the real estate industry by increasing transparency into data pipelines, transforming data for maximum interoperability, and enabling observability and validation throughout the entire data value chain. These capabilities allow clients to remediate errors swiftly, improving the quality and accuracy of data used for downstream decision-making.
Nicholas Appelo from HighSage Ventures expressed enthusiasm about backing Cherre, stating, “Cherre is well on its way to becoming the foundational data platform for the real estate industry.
“HighSage is thrilled to back L.D., an exceptional visionary leader, and his world-class team. This round positions Cherre to capitalize on the vast opportunity to provide real estate investors, lenders, and service providers with data intelligence capabilities that improve underwriting processes and streamline operations.”
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