SquareFoot, a NYC-based commercial real estate technology company, raised $7m in series A financing.
The round was led by Rosecliff Ventures, with participation from Triangle Peak Partners, RRE Ventures, Primary Venture Partners, Armory Square Ventures, Entrepreneurs Roundtable Accelerator, among others.
The company will use the new capital to accelerate expansion within New York City, launch additional markets in the U.S. and expand offerings to property owners.
Founded in 2012 by Jonathan Wasserstrum, CEO, SquareFoot combines proprietary technology and an experienced brokerage team to modernize the archaic leasing process—from initial search and touring to lease negotiation and signing.
Prospective tenants can get a smart selection of options, view availabilities, narrow down options, schedule tours, share documents, and communicate with in-house brokers in real time using its web and mobile platform.
To date, SquareFoot has supported hundreds of established institutions and startups like Yale University, Casper, Roivant, City Block, and Dr Smood in finding and securing new office space.