Buildout Receives Investment from The Riverside Company

Buildout, Inc., a Chicago, IL-based company that provides SaaS-based marketing and customer relationship management software to commercial real estate brokerages, received an investment from The Riverside Company.

The amount of the deal was not disclosed.

Susquehanna Growth Equity will maintain a minority ownership position in the business, and Saratoga Investment Corp. provided debt financing for the transaction.

Led by CEO Vishu Ramanathan, Buildout provides a software platform designed to manage the entire sale or lease process of a property from initial prospecting to the ultimate closing, including automating the creation of marketing materials, reaching prospective buyers and tenants, powering brokerage listings pages and sharing transactional documents with all involved parties in a transaction. The company’s platform serves as the system of record for a brokerage’s active listings and assists brokers in managing their contacts, prospects and transaction information. Customers interact with the platform daily to create marketing brochures, syndicate property listings, update their websites for active listings and monitor buyer activity.

FinSMEs

26/07/2020

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