CRE data startup CrediFi raises $13M in Series B

Deal brings total funding to $23M

TRD New York /
Feb.February 13, 2017 08:31 AM

Ely Razin and Liberty Interactive’s John Malone

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.


Related Articles

arrow_forward_ios

Real estate stocks push up this week as U.S.-China trade tensions ease

Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

From left: RealPlus' Eric Gordon, Corcoran's Pam Liebman, Halstead's Diane Ramirez, Douglas Elliman's Howard Lorber and Brown Harris Stevens' Bess Freedman (Credit: Eric Gordon by Emily Assiran, Getty Images, Halstead, BHS, iStock)

Terra sells part of RealPlus stake to Corcoran and Elliman

Joel Schreiber (Credit: Shir Stein and Wikipedia)

WeWork’s first investor used his stock as collateral. Now his lenders are suing him

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

163 North 6th Street and the Tel Aviv Stock Exchange Bull (Credit: Google Maps, Wikipedia)

Joel Gluck’s Israeli bond issuance falls through as Williamsburg rental project faces financing crunch

arrow_forward_ios