Real estate debt data company CrediFi landed $13 million in a Series B funding round, bringing its total capital raised to $23 million.
Liberty Israel Venture Fund, which typically invests in Israeli tech companies, led the round, which also included 31 VENTURES Global Innovation Fund and existing investors, CrediFi said in a statement. The company plans to use the money on expanding its sales and marketing efforts, and on an unnamed “major upcoming product launch.”
The deal comes amid an increasingly challenging fundraising environment for real estate tech startups. The Real Deal reported in August that the number of venture funding deals has been falling, and that money increasingly flows to more established startups.
Credifi, founded in 2014 by former Thomson Reuters executive Ely Razin, sells a database with information on commercial real estate loans. It claims to cover $13 trillion in financings in the U.S. The company is based in Tel Aviv and New York and currently has 75 employees. In May 2015, it raised $8 million in a Series A round.
Liberty Israel Venture Fund is a subsidiary of Liberty Interactive, a U.S. media conglomerate. Liberty Israel’s Motti Lichtenstein will join CrediFi’s board of directors.