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Occupier Raises $5M Seed Round to Bring Commercial Real Estate Online
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NEW YORK, March 11, 2021 /PRNewswire/
Occupier, a company that helps businesses navigate the complexities of managing a portfolio of real estate leases, and ensure compliance with new accounting standards, has finalized a funding round of $5M. The round is led by Alate Partners and MetaProp, with participation from Second Century Ventures, Thomson Reuters Ventures, and commercial real estate industry leaders across the U.S.
The company, founded in 2018 by VTS and JLL alums Andrew Flint, Matt Giffune, and Erik Pearson, aims to bring much-needed innovation to the lease management, lease accounting, and transaction management space for occupiers of commercial real estate and their tenant representation brokers. At a time when all businesses are being forced to re-evaluate their post-pandemic real estate operations, the company is experiencing rapid growth.
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Transactly, a proptech that offers remote transaction coordination services across the country, announced in a press release that it has raised nearly $3 million in bridge funding. The funding is in preparation for raising a Series A round of capital by Q3 2021.
Notable and strategic investors this round include Second Century Ventures, the venture capital arm of the National Association of Realtors, and Ferry Ventures, the venture fund owned by real estate coach Tom Ferry.
Transactly has grown by 700 percent from 2019 to 2020, according to CEO Bryan Bowles.
“We’re on track and expect to have the same amount of growth again in 2021,” Bowles said in the release. “This is much-needed capital to support the kind of growth we’re experiencing.”
St Louis real estate technology startup Transactly raises $3M - St Louis Business Journal
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