CrediFi, a New York and Israel-based big data platform for commercial real estate finance, secured $8m in funding.
The round was led by Battery Ventures with participation from Carmel Ventures and OurCrowd. Battery Ventures General Partner Scott Tobin joined CrediFi’s board in conjunction with the funding.
CrediFi will use the funds to expand its customer-facing organization, while continuing its platform expansion.
Led by Ely Razin, CEO, CrediFi provides a cloud-based critical data and analytics platform for the commercial real estate (CRE) finance sector. To enable visibility of both opportunities and risks in the global CRE finance community, it provides key loan, financial, property, and market information and asset analytics on both desktop and mobile platforms. Information available includes everything from detailed breakdowns of property loans, to specific building tenants and occupancy data, to amount of capital invested in particular properties, to legal and compliance data.
The company launches with institutional-grade data and analytics relating to over 10 billion square feet of property across the U.S. and $1 trillion in commercial real estate loans.
The service is currently in use with several institutions including premier asset holders, hedge funds, large scale institutional banks, and others.