ResiModel, a NYC-based platform for aggregating, standardizing and analyzing financial data for multifamily transactions, raised a new funding.
Investors included Axiometrics, Kevin Quinn, Kurt Roeloffs, and Bob White, Osage Venture Partners and Leading Edge Ventures as well as existing investors Ryan Slack and Camber Creek.
The company, which has now raised $3.5m in total, intends to use the funds to continue to grow operations.
Led by Elliot Vermes, CEO, ResiModel combines data visualization and analytics tools with an underwriting model that enables deal parties to gain deeper insight into potential investment opportunities and market comps. The platform allows users to aggregate and mine disparate data from rent rolls and operating statements in a format that can be shared from seller to broker, broker to buyer, and buyer to lender.
Customers comprise deal teams at ARA Newmark, CBRE, Colliers, Cushman & Wakefield, Jones Lang LaSalle, Marcus and Millichap, Moran and Stream Realty, along with a number of premier multifamily investors, such as Alliance Residential Company and Carmel Partners.