Third time’s a charm for Cherre, a real estate data platform.
The startup announced that it’s raised $50 million in a new funding round, according to Business Insider. The round was led by Trustbridge Partners, a Chinese growth equity firm that has also invested in WeWork China, among other firms. The new round — Cherre’s third since 2018 — brings its total investments to $75 million, though it declined to disclose how much it’s currently valued at.
Cherre previously raised $16 million from Intel Capital, the software giant’s venture capital arm. In 2018, it raised $9 million in a seed round led by Navitas Capital.
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The startup, which was founded in 2016, created a platform that aggregates public and private data from different real estate sources (such as Trepp and Moody’s Analytics) and allows its clients to customize what information they receive about their properties.
Its CEO L.D. Salmanson told Business Insider that the product has “exploded in popularity” in the wake of the pandemic, as more of its commercial real estate clients wanted concrete data on things like occupancy and migration rates.
[BI] — Amy Plitt