CRE data startup CrediFi raises $13M in Series B

Deal brings total funding to $23M

TRD LOS ANGELES /
Feb.February 13, 2017 02:00 PM
Ely Razin and Liberty Interactive’s John Malone

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
From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

Arman Gabay and The Springs shopping center in Palm Springs, part of the 14-property portfolio

Charles Co. secures $215M refi for retail portfolio

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

9300 Wilshire Boulevard

Land under historic Beverly Hills office building sells for $25M

arrow_forward_ios