Commercial Real Estate Platform CrediFi Raises $6M In Series B Funding

Commercial real estate platform CrediFi announced the closing of a $6 million funding round, which brings the total amount of its series B funding to $19 million and the overall amount raised to date to $29 million.

The round was led by Liberty Technology Venture Capital II, with participation from Mitsui Fudosan, one of Japan’s leading real estate ventures, Maverick Ventures Israel and existing investors Battery Ventures, Viola Ventures, and OurCrowd.

CrediFi has developed a SaaS Big Data platform aimed at providing transparency to investors in the US commercial real estate market through Big Data solutions. The platform enables investors to operate more intelligently, transparently and strategically, bringing transparency to an industry in which transactions are conducted behind closed doors on the basis of personal relationships, therefore facilitating better real estate investment decisions, the company says.

The investment will be used to expand the company’s marketing and sales efforts, its overall presence in Israel, and increase its workforce.

CrediFi’s clients include American financial institutions and banks in the United States, income-producing property owners, hedge fund manager and US government agencies.

CrediFi was founded in 2014 by Battery Ventures and CrediFi CEO Ely Razin. The company currently has 60 employees in its offices in New York and Modi’in.