CRE data startup CrediFi raises $13M in Series B

Los Angeles /
Feb.February 13, 2017 02:00 PM

From the New York website: 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
Blackstone's Stephen Schwarzman with 6700 8th Street, 22642 Lambert Street and 23512 Commerce Center (Getty, PS Business Parks, LoopNet)
OC portfolio with 1.1M sf part of Blackstone acquisition
OC portfolio with 1.1M sf part of Blackstone acquisition
Brookfield’s Brian Kingston with 425 East Colorado Street (Brookfield's Real Estate Group, LoopNet)
Brookfield sells Glendale office building to owner-occupier
Brookfield sells Glendale office building to owner-occupier
Joel Schreiber and 801 South Broadway (Google Maps)
Former WeWork investor enters Chapter 11 for DTLA “metaverse hub”
Former WeWork investor enters Chapter 11 for DTLA “metaverse hub”
Redcar Properties' Jim Jacobsen and 843 North Spring Street (LinkedIn, Lever Architecture)
Offices built with cross-laminated timber coming to Chinatown
Offices built with cross-laminated timber coming to Chinatown
Initiative to decide whether LA hotels should house the homeless
Voters to decide whether LA hotels should house the homeless
Voters to decide whether LA hotels should house the homeless
Long Beach (Illustration by The Real Deal with Getty)
Downtown Long Beach office vacancy highest in 20 years
Downtown Long Beach office vacancy highest in 20 years
Jamison Properties' Jaime Lee with the Pierce National Life Building (LinkedIn, Google maps)
Koreatown office building poised for residential conversion
Koreatown office building poised for residential conversion
SteelWave's Barry DiRaimondo with 1382 Bell Avenue (LinkedIn, JLL)
SteelWave sells Tustin office building for $91M
SteelWave sells Tustin office building for $91M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...