Reonomy, a NYC-based provider of commercial real estate (CRE) data and analytics solutions, raised $30m in Series C funding.
The round was led by Sapphire Ventures with participation from existing investors Bain Capital Ventures and Softbank Capital.
The company, which has now raised raised $68.4 million in total funding to date, will use the funds to accelerate growth and adoption for its platfrom.
Founded in 2013 by Richard Sarkis, CEO, Reonomy provides a commercial real estate data and analytics platform, which now includes data services and API feeds for enterprise customers in addition to subscription-based web applications and workflow tools. The company’s data engine provides insight into the CRE landscape for a wide array of professionals, from brokers and lenders to occupiers and investors.
Reonomy operates a comprehensive database with detailed information on nearly 50 million commercial properties, 80 million companies, 150 million unique ownership contacts, 8 million mortgages and 20 million property sales. Through its web application, the company gives users flexibility to search through all commercial assets in the United States to identify properties most aligned with their business strategy, paring down the data by over 300 filters including property type, size, sale amount, mortgage maturity date and ownership information.
The software also provides workflow tools to manage prospecting and due diligence efforts.