Los Angeles-based CREXi raises $29 million for its online real estate marketplace [TechCrunch Blog]
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NASDAQ:AMEX Investor Relations:
mec.co.jp/e/investor
Company Research
Source: TechCrunch Blog
Los Angeles is one of the most desirable locations for commercial real estate in the United States, so it’s little wonder that there’s something of a boom in investments in technology companies servicing the market coming from the region. It’s one of the reasons that CREXi Since the company raised its last institutional round in 2018, it has added over 300,000 properties for sale or lease across the U.S. and increased its user base to 6 million customers, according to a statement. It has now raised $29 million in new financing from new investors including Mitsubishi Estate Company (“MEC”), Industry Ventures, Prudence Holdings CREXi makes money in three ways. There’s a subscription service for brokers looking to sell or lease property; an auction service where CREXi will earn a fee upon the close of a transaction; and a data and analytics service that allows users to get a view into the latest trends in commercial real estate based on the vast collection of properties on offer through
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