Markerr, a NYC-based analytics platform powering critical decision-making for institutional owners and operators of real estate, closed a $6.6m Series B funding round.
The round was led by RET Ventures with participation from Pretium, a specialized investment firm with more than $50 billion in assets under management.
The company intends to use the funds to expand operations and its business reach.
Founded in 2021 and led by Brian Lichtenberger, CEO, Markerr leverages real-time data and machine learning to derive unique property and market analytics, and enable clients, including institutional owners and operators of real estate, to make confident and efficient decisions. The platform leverages data aggregation and machine learning technology to ingest massive datasets at scale and subsequently cleanse, transform, and connect them using MarkerrID, a unique identifier for connecting disparate datasets at the asset level.
The company continued its growth during 2022, with annualized recurring revenue (ARR) growing 95% year over year and net retention surpassing 140%, and through the launch of several new products during 2022, including:
- RealRent, an advanced rent forecast tool that leverages machine learning and vast data networks to deliver transparent and accurate rent estimates;
- RealRank, an application that allows acquisition and asset management teams to quickly access Markerr’s vast array of economic, market, and property-level data offerings;
- Population Nowcast, a real-time nowcast of population and migration trends across the US, providing ZIP Code level insights into one of the key drivers of real estate demand;
- New demand and supply indicators covering Crime and New Construction; and
- Expanded Property data with detailed Listings data.
FinSMEs
28/03/2023