CrediFi Grabs $13M in Series B funding
2017-02-15
NEW YORK, NY, leading source for data and analytics for commercial real estate finance, announced today that it closed its Series B funding round of $13 million.
CrediFi Corp., the leading source for data and analytics for commercial real estate finance, announced today that it closed its Series B funding round of $13 million. The company received significant strategic investment, as the round was led by Liberty Interactive's Liberty Israel Venture Fund, and joined by 31 VENTURES Global Innovation Fund, a CVC fund managed by Global Brain for Mitsui Fudosan, Japan's leading real estate developer, along with substantial participation from existing investors Battery Ventures, Carmel Ventures, OurCrowd and Stax.
Commercial Real Estate (CRE) finance markets will continue to experience substantial changes in 2017, requiring new solutions for both deal origination and risk oversight. CrediFi's cloud-based data services enable visibility into both the opportunities and risks in CRE finance markets. Leveraging the best of both technology and human expertise, CrediFi collects and analyzes data that educates key decision makers, empowering them to make smarter and more profitable decisions.
The CrediFi data platform covers $13 trillion in CRE debt in the U.S., and uniquely combines both securitized and non-securitized loans. These relate to 2.3 million properties, in all 50 states, across the full spectrum of CRE asset classes, from multifamily to offices, and from distribution centers to senior housing. Loan origination, portfolio management, and competitive analysis, are available in one place, enabling market players to lend more intelligently and invest more strategically. Current clients include premier asset holders, hedge funds, large scale institutional banks, and others.
'Step one to improving this vast, $15 trillion market is to create transparency in understanding borrowers, lenders and commercial properties on an ongoing basis,' said CrediFi CEO Ely Razin. '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.'
Since its Series A funding, CrediFi has grown its loan database from $1 trillion in commercial loans to $13 trillion, representing over 40 billion square feet of property across the USA. 'Our loans database includes recently added agency data sets from Freddie Mac, HUD, LIHTC, and SBA, among others, which for the first time are aggregated on a single platform alongside the worlds of balance sheet and securitized CRE loans,' continued Razin.
CrediFi has also developed visualization technologies to map lending and property activity and launched services to provide vital ultimate ownership information.
The additional funding brings the company's total capital raised to $23 million since the company was founded in 2014, all raised with the goal of increasing CRE finance transparency in understanding market players and trends. The new funds raised will be used to accelerate CrediFi's ongoing growth, including the expansion of its sales and marketing organization as well as a major upcoming product launch. Motti Lichtenstein, who led the investment for Liberty Interactive's Liberty Israel Venture Fund, will join CrediFi's board of directors.
About CrediFi
Founded in 2014, CrediFi Corp. is a SaaS big data platform serving the Commercial Real Estate Finance market. CrediFi is the commercial real estate leader in the Fintech space, focused on greater transparency in understanding borrowers, lenders and transactions, enabling better real estate investment decisions. CrediFi currently has 75 employees, dual headquartered in New York City and Tel Aviv.
About Liberty Israel Venture Funds
The Liberty Israel Venture Funds ('Liberty Israel') are a pair of venture capital funds, one organized by Liberty Media Corporation (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, LMCA, LMCK) and the other organized by Liberty Interactive Corporation (NASDAQ: QVCA, QVCB, LVNTA, LVNTB). Liberty Israel is dedicated to investing in Israeli technology start-up companies, stages A and above primarily, whose businesses and operations are related to the Liberty Media and Liberty Interactive portfolios of companies. Liberty Israel's areas of interest include companies relating to cyber security, the connected car, media and communications technologies, digital commerce, IT, Big Data and more. For more information regarding Liberty Israel, please email info@libertyisrael.vc. For inquiries regarding Liberty Media Corporation or Liberty Interactive Corporation, please contact Courtnee Chun at 720-875-5420.
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