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CREXi Lands $30 Mil Round of New Funding

2/04/20

CREXi, the online CRE marketplace platform, has received a $30 mil Series B funding round led by Mitsubishi Estate Company (“MEC”), Industry Ventures, and Prudence Holdings. Existing investors Lerer Hippeau Ventures, and Jackson Square Ventures also joined this round.

“The CRE industry is evolving, and market players, especially younger, digitally native generations are seeking out platforms that provide free and open access to information,” said Gavin Myers, General Partner at Prudence Holdings. “CREXi directly addresses this market need, providing fair access to a range of CRE information.”

CREXi’s mission is to fully support all aspects of the CRE industry for the benefit of CRE professionals, investors, principals, and tenants. The Series B funding will be used to support this mission, enabling CREXi to grow its core business of broker services across the sales, leasing, and auction functions, and fueling the refinement and expansion of buyer and tenant resources such as comparables and market intelligence.

CREXi simplifies the CRE process by integrating the sales and leasing marketplace with a suite of marketing, analytics, and deal management tools. This CRE ecosystem was designed to assist brokers, buyers, and tenants, eliminating tedious processes, enhancing access to properties, and enabling deals to close faster.

Since CREXi’s Series A announcement in 2018, the company has added over 300,000 properties available for sale or lease while growing its user base to 6 million through increased added value to its free and paid platforms. The company’s core business has seen consistent growth with services expanding to include data and analytics features, as well as elite marketing and auctions products to fully service all facets of the CRE industry.

This additional financing brings the company’s total funding $55 mil to date.





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