CRE Data Company Reonomy Secures $16M in Funding

A NYC-based provider of commercial real estate analytics and data, Reonomy, has secured $16m in funding, reports Finsmes.

Bain Capital Ventures, an existing investor, led the round along with MMC Technology Ventures. New investors included Red Apple Group and the family office of Barry Sternlicht (chairman and CEO of Starwood Capital Group) JAWS. Silicon Valley Bank offered venture debt to the round as well.

Existing investors include: 

  • Bain Capital Ventures
  • SoftBank
  • Lerer Hippeau
  • Primary Ventures
  • KEC

This brings Reonomy’s full to-date total raised to $38.4 million. The company wants to use the funds to speed up adoption and growth for its CRE data business, which now features API feeds and data services for enterprise customers along with web applications which may be subscribed to.

Led by Richard Sarkis, CEO, and co-founder, Reonomy offers lenders, brokers and investors proprietary analytics systems to gather, assess, and verify a wide variety of data on property and market levels in a continuous manner and offer info in a web-based interface and data APIs.