Reonomy, a NYC-based provider of commercial real estate (CRE) data and analytics, raised $16m in funding.
The round was led by existing investor Bain Capital Ventures with participation from MMC Technology Ventures, new investors Red Apple Group and JAWS, the family office of Barry Sternlicht (chairman and CEO of Starwood Capital Group). The round also includes venture debt from Silicon Valley Bank. Existing investors include Bain Capital Ventures, SoftBank, Lerer Hippeau, Primary Ventures and KEC. To date, Reonomy has raised a total of $38.4m.
The company intends to use the new funds to accelerate growth and adoption for its expanded CRE data business, which now includes API feeds and data services for enterprise customers in addition to subscription-based web applications.
Led by Richard Sarkis, CEO and co-founder, Reonomy provides lenders, brokers and investors with proprietary analytics systems to collect, analyze and validate a vast array of property and market level data on a continuous basis and deliver this information in a web-based interface and data APIs.