Data analytics startup NavigatorCRE Raises $ 17.2M on Technology Helping Commercial Real Estate



(Image by NavigatorCRE)

Seattle-based NavigatorCRE, a data mining platform serving the commercial real estate industry, has raised $ 17.2 million in new funding, the startup said Tuesday.

The company plans to leverage the funds to expand in North America and Western Europe and launch what it calls a Client Advisory Council to help further shape the platform with the insights of influential clients across different commercial real estate asset classes.

“We saw a huge chasm in the CRE industry for owner operators to combine portfolio, leases, acquisitions, underwriting, debt, financials, late receivables, and market datasets into a coherent data visualization.” – Co-Founder and CEO Taylor Odegard said in a press release.

Odegard, who previously spent five years at CBRE, a commercial real estate and investment firm, founded NavigatorCRE in 2014 with Russ Johnsonwith 21 years at CBRE and Brett Hartzellwho has been with CBRE for 36 years.

The Series A funding round was spearheaded by Atlanta-based Fulcrum Equity Partners, joined by existing investors. Navigator has raised about $ 24 million to date.

Navigator has approximately 40 employees and offices in Seattle, Los Angeles and Dallas.


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