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CREXi Raises $30M in Latest Funding Round

Mitsubishi Estate Co. was among the companies to lead the series B funding round for the real estate technology company.

Real estate data and technology company CREXi has raised $30 million in its series B funding round. Mitsubishi Estate Co., Industry Ventures and Prudence Holdings led the funding round, along with existing investors Lerer Hippeau Ventures, and Jackson Square Ventures.

“This round of funding will allow us to scale our core operations servicing brokers, buyers and tenants, while investing in building out additional services, such as our data/analytics offerings and auctions platform, to service all aspects of Commercial Real Estate industry in a streamlined and simple platform,” Mike DeGiorgio, founder and CEO of CREXi, tells GlobeSt.com. “In order to support the continued growth, we are adding heavily to our technology and customer service teams, given our focus on solving our customer’s needs.”

The firm will start by focusing on building the for-lease platform to create a customized experience based on the for-sale side of the market. “Additionally, we intend on growing our market insight and data business in addition to our transactional offerings like online Auctions and Elite programs,” adds DeGiorgio.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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