ResiModel, a NYC-based platform for capturing, processing and analyzing multifamily transactions, raised an additional funding round.
Backers included Symmetrical Ventures, the technology venture capital firm led by former BlackRock Vice Chairman and CFO Paul Audet, and other new investors.
The company has now raised approximately $4m from strategic backers Symmetrical Ventures and former executives from JPMorgan, Goldman Sachs and Deutsche Bank Real Estate.
Launched in 2013 by Elliot Vermes, CEO, ResiModel provides a platform for evaluating multifamily transactions. Leveraging data capture and visualization tools, the solution provides users with the means to aggregate, mine and analyze the rent roll and operating data they receive to better understand the properties, win more deals and improve the accuracy of deal pricing.
In addition to the funding, ResiModel also announced the addition of real estate veteran Rob Wrzosek to the firm’s advisory board.
Customers include deal teams at such brokerage firms as CBRE, Jones Lang LaSalle, ARA, Colliers, Marcus & Millichap, Moran & Co. and Cushman & Wakefield, a number of premier multifamily investors, such as Alliance Residential Company, Carmel Partners and The Milestone Group.