INSUBCONTINENT EXCLUSIVE:
when it comes both to data sources and the companies that work within it
Today, a New York-based startup that is building a database that helps bring all of that together is raising a round of growth funding to
feeds and crowdsourced information, and then uses artificial intelligence to crunch it to provide market intelligence that is used by
developers, investors, acquirers and anyone else who works in the area of commercial property (otherwise known as commercial real estate,
database covering some 50 million properties, accounting for some 99% of the commercial inventory in the country
In all, the database also has 80 million companies, 300 million people (those affiliated with the properties), 38 million mortgages and 68
potential, and also the calibre of its current customers
Led by Georgian Partners, the funding also included Wells Fargo Strategic Capital and Citi Ventures (both Reonomy users, as part of its
property financing activities), Untitled Investments and previous investors Sapphire Ventures, Bain Capital and Primary Venture
startup, founded in 2013, has raised $128 million to date, and according to PitchBook data, it was valued at $153 million post-money in its
strong bet, because the price eventually always goes up
algorithms created by quants, a lot of greed and a dose of corruption and world economics can have much stronger impacts, resulting in huge
booms and crushing busts of global proportions.In that context, Reonomy positions itself both as a tool not just to get a better picture of
what is going on now, but to better predict what might happen
Given the many disparate sources of information that are compiled into its bigger database, the pitch is that this is a must-have, but the
Its customers include not just mortgage lenders and property acquirers, but those who work in the property industry in a more hands-on way,
such as roofers who might want to get a list of buildings developed in a certain range of years as a way of building a list of leads for
that concept to international markets, including Canada, Asia, Australia and the U.K
and Europe, markets that are more similar to the U.S
