Reonomy Raises $60M in Series D Funding

Reonomy, a NYC-based provider of a commercial real estate intelligence platform, raised $60m in Series D funding.

The round was led by Georgian Partners, with participation from Wells Fargo Strategic Capital, Citi Ventures, and Untitled Investments. They joined existing investors Sapphire Ventures, Bain Capital, and Primary Venture Partners.

The company, which has raised $128m in total funding to date, plans to use the capital to expand its machine learning capabilities and platform-driven applications and accelerate its international expansion.

Led by CEO Rich Sarkis, Reonomy provides a platform that connects disparate property information, enabling applications that empower users to reach property-centric decisions. The platform leverages machine learning and the Reonomy ID—an identifier for every commercial asset that connects data on properties, companies, and people. Applications include predictive analytics, portfolio analysis, and market insights.
The platform also allows its ecosystem of partners to build their own custom applications.

FinSMEs

07/11/2019