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.