Real estate data tech company CrediFi lands $13 million in Series B funding
21 February 2017By Sabine Brix0 CommentsNEWS, Regional News
CrediFi Corp, a data and analytics company for the US commercial real estate industry has announced the closure of its Series B funding round of $13 million.
The New York-based company received significant strategic investment in a round led by Liberty Interactive's Liberty Israel Venture Fund, and was joined by 31 VENTURES Global Innovation Fund, a CVC fund along with substantial participation from existing investors Battery Ventures, Carmel Ventures, OurCrowd and Stax.
The CrediFi data platform covers $13 trillion in CRE debt in the U.S., and uniquely combines both securitised and non-securitised loans. These relate to 2.3 million properties, in all 50 states, across the full spectrum of CRE asset classes, from multifamily to offices, and from distribution centers to senior housing. Loan origination, portfolio management, and competitive analysis, are available in one place, enabling market players to lend more intelligently and invest more strategically.
"Step one to improving this vast, $15 trillion market is to create transparency in understanding borrowers, lenders and commercial properties on an ongoing basis," said CrediFi CEO Ely Razin. "We've proven we can. The next step is to arm brokers, lenders, and borrowers with a next generation of tools to help them even further."
Since its Series A funding, CrediFi has grown its loan database from $1 trillion in commercial loans to $13 trillion, representing over 40 billion square feet of property across the USA. "Our loans database includes recently added agency data sets from Freddie Mac, HUD, LIHTC, and SBA, among others, which for the first time are aggregated on a single platform alongside the worlds of balance sheet and securitised CRE loans," Razin said.