RealMassive, an Austin, Texas-based platform for real-time commercial real estate information, raised a Series A funding.
To date, it has raised $8m in capital. The round, which valued the company at $20m, was led by RHS Investments with participation from Hurt Family Investments, Capital Factory and commercial real estate professionals from HPI Real Estate Services, Aquila Commercial, Avison Young and InSite Realty. In conjunction with the funding, RHS’ Hank Seale, has been named Chairman of the Board.
The company intends to use the funds to grow the business, focusing on monetizing the Austin market and expanding product and marketing efforts.
Co-founded by Joshua McClure and Craig Hancock, RealMassive provides commercial real estate professionals with a cloud-based platform to collaborate and streamline their marketing efforts while gaining insight into the performance of their space and buildings. It also allows tenant reps to gain access to availability data through tools to analyze spaces collaboratively with their customers.