CRE Intelligence Startup Reonomy Raises $60 Million

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Reomony, a company that provides data for commercial real estate professionals reported it completed its latest funding round.

The company announced a $60 million haul led by Georgian Partners, with participation in the Series D round by Citi Ventures, Wells Fargo Strategic Capital, Bain Capital, Primary Venture Partners and Sapphire Ventures and United Investments.

Reomony says the new funding will help the company further develop its commercial real estate data solutions platform, and “ultimately connect the world of CRE by increasing transparency and access to property intelligence.”

Reomony’s grand total fundraising since is inception is $128 million.

“There is no end to the number of individuals, companies, and enterprises that have properties at the core of their businesses,” said Reonomy CEO, Rich Sarkis, in a statement. “Despite real estate being the world’s largest asset class, the industry has been largely starved of cutting edge solutions to core business problems because of the opaque nature of property information. We’re building a platform that connects the world of property information and empowers a new era of applications to unlock insights and opportunities for everyone. The investment will further strengthen our position as the system of record for properties and drive innovation around property intelligence.”

The Reonomy platform connects disparate property data, enabling applications that empower users to reach better CRE decisions. It uses machine learning and their own Reonomy ID, a unique identifier for each commercial asset that connects data on properties, companies and people. Reonomy’s proprietary apps include predictive analytics, portfolio analysis, and market insights.

The company counts WeWork, Cushman & Wakefield, CBRE and TD Bank among its customers.