CrediFi lands $13m for real estate finance data

Commercial real estate (CRE) finance data firm CrediFi has raised $13m in a Series B round led by Liberty Interactive’s Liberty Israel Venture Fund.

Investment for the New York-based company also came from 31 VENTURES, Global Innovation Fund and a CVC fund managed by Global Brain for Japanese real estate developer Mitsui Fudosan.

Existing investors Battery Ventures, Carmel Ventures, OurCrowd and Stax also participated in the round that brings CrefiFi’s total funding to $23m.

The company’s data services aim to offer viability into the risks and opportunities in commercial real estate finance markets.

It claims the platform covers $13 trillion in CRE debt across the US, combining both securitised and non-securitised loans accounting for 2.3 million properties across US 50 states.

CrediFi CEO Ely Razin said: “Step one to improving this vast, $15 trillion market is to create transparency in understanding borrowers, lenders and commercial properties on an ongoing basis.

“We’ve proven we can. The next step is to arm brokers, lenders, and borrowers with a next generation of tools to help them even further.”

The company will use the new capital to drive sale and marketing as well as to launch a new, undisclosed product.

Liberty Interactive’s Liberty Israel Venture Fund’s Motti Lichtenstein will join CrediFi’s board as a result of the deal.

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