Big-Data Platform for Commercial Real Estate Finance, CrediFi, Raises $8 Million in Funding Round Led by Battery Ventures
provider empowers commercial real estate lenders, investors and owners with
real time, institutional-grade data, analytics and monitoring.
New York, NY--(May
11, 2015) - CrediFi,
a big-data company providing critical data and analytics for the commercial real
estate (CRE) finance sector, has raised $8 million in funding led by Battery
Ventures with additional funding from Carmel Ventures and OurCrowd, a
crowdfunding platform. The company launches with institutional-grade data and
analytics relating to over 10 billion square feet of property across the U.S.
and $1 trillion in commercial real estate loans.
solves the problem of lack of transparency in the CRE space, which contributed
to the 2008 credit crisis, as many players in the sector had inadequate data
about the properties underlying ultimately risky investments. To enable
visibility of both opportunities and risks in the global CRE finance community,
the company provides key loan, financial, property, and market information and asset
analytics on both desktop and mobile
platforms. Information available includes everything from detailed breakdowns of
property loans, to specific building tenants and occupancy data, to amount of
capital invested in particular properties, to legal and compliance data.
real estate is awash on a sea of debt that is consistently being refinanced. Its financial markets are starving for data
and analytics to enable smarter investing, lending and ongoing monitoring” said
Ely Razin, CEO of CrediFi. “It’s not
just knowing what your asset is doing – it’s what your competitor, your
neighborhood, your market is up to as well. In this market, knowledge is a game
data is transforming so many markets that it’s almost become a cliché—but if
there ever was a market more ripe for data-based disruption, it’s the enormous
and under-analyzed commercial real estate sector,” said Battery Ventures
General Partner Scott Tobin, who has joined CrediFi’s board. “Right now, sector participants can access
fragmented data about things like individual property details and lease
information, but no one is offering this data in a single, integrated platform.
CrediFi is stepping up to fill this void.”
will use the funds to expand its customer-facing organization, while continuing
its platform expansion, building out the largest collection of loans, property
and tenant data, with risk scoring throughout.
company's cloud-based service is currently in use with several marquee
institutions including premier asset holders, hedge funds, large scale
institutional banks, and others.
is a dual-headquartered company with offices in New York and Israel. CrediFi is intensely focused on the needs of
the commercial real estate finance markets, including transparency, data and
analytics intended to provide a holistic view of real estate investment
opportunities. To fulfill this promise,
CrediFi collects and constantly updates a broad and fully integrated dataset focused
on properties, loans, lenders, and owners, with risk scoring rounding. The company's founders include
Ely Razin and Stax Development Corp.