CompStak, a NYC-based provider of commercial real estate transaction data and analytics, secured $12m in Series B funding.
The round, which brought total funding since its launch in 2012 to $28m, was led by IA Capital with participation from existing backers Canaan Partners, RealPage Inc and 500 Startups.
The company intends to use the funds to accelerate growth into new product segments, expand the Exchange platform member base, and acquire top talent.
Led by CEO and co-founder Michael Mandel, CompStak creates transparency in commercial real estate markets by gathering hard to find information. Since 2012, the company has delivered insight to a network of tens of thousands of members and clients, including Tishman Speyer, Wells Fargo, Vornado, Boston Properties, and every major brokerage nationwide. CompStak Exchange is a platform for CRE brokers, appraisers, and researchers to get analyst-reviewed commercial lease comps, sales comps, and property details at no charge.
The enterprise client roster includes real estate investors, lenders, and advisors, including recent wins with Allianz, Lendlease, L&L Holdings, Mitsui Fudosan, and PwC.