CREXi, a Venice, CA-baseed provider of a commercial real estate platform for brokers, buyers and sellers, raised $4.3m in seed funding.
Backers included Lerer Hippeau Ventures, Freestyle Capital, TenOneTen Ventures, Founder Collective, Karlin Ventures and Leon Capital Group.
Led by Michael DeGiorgio, founder & CEO, Erek Benz, Co-founder, and Ben Widhelm, chief technology officer, CREXi is a commercial real estate marketplace that aims to simplify transactions for brokers with a suite of tools to manage the entire process from listing to closing. The features on the platform include secure transactions, customized communications, deal vault, and analytics.
In less than three months in limited beta, CREXi has been tried by almost 200 properties. The properties are currently available to purchase from over 35 brokerages including CBRE, Marcus & Millichap, Cushman & Wakefield, Newmark Grubb Knight Frank and Transwestern among others.