Commercial Real Estate Exchange, Inc. (CREXi), a Marina Del Rey, CA-based commercial real estate industry’s marketplace and technology platform, raised $11m in Series A financing.
The round, which brings total funding to $24m, was led by Jackson Square Ventures with participation from Manifest Investment Partners, Lerer Hippeau Ventures, Freestyle Capital, and TenOneTen Ventures, among others.
The company intends to use the capital to expand its sales and marketing initiatives, grow the team, and continue to build the product.
Launched in 2016 and led by Michael DeGiorgio, Chief Executive Officer, CREXi provides a platform that enables commercial real estate professionals to streamline, manage, and grow their businesses using an advanced transaction management solution. It has helped buyers, sellers, and brokers to transact business on over 90,000 commercial listings totaling more than $450 billion in property value.
CREXi currently has 50+ employees.