SAN FRANCISCO—CompStak, the world's largestmarketplace for commercial real estate comparables data, has closeda $4.4 million investment round, bringing its total venture fundingto over $10 million. The round was led by CanaanPartners, with strategic investment from dmgInformation (dmgi), Exapnsion VC andRubenstein Partners. Launched in Manhattan in2012, CompStak has already expanded its leading platform to the 12largest U.S. commercial real estate markets including SanFrancisco, Washington DC,Chicago, Los Angeles andDallas. CompStak plans to use the new funding togrow the team, add more key markets to its platform and furtherdevelop its new broker analytics platform, CompStak Exchange.

“We've already signed up most of the money center banks,including Wells Fargo, and with real estate ownersand investors like Tishman Speyer, TheCarlyle Group, Beacon Capital and others,it's clear that the world's top institutional real estate playersvalue the information that CompStak provides,” said CompStak's CEOand co-founder Michael Mandel. “This round is veryexciting for us, as it has given us the opportunity to bring inseveral strategic investors, like dmgi - a major investor inseveral real estate technology companies.”

CompStak now employs 40 full-time employees,and its national database contains over half a million versions ofcommercial lease transaction records.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.