Monday, May 21, 2018

CREXi Collects $11M For Commercial Real Estate Technology

Marina Del Rey-based CREXi, which is developing a technology platform aimed at the commercial real estate industry, has raised $11M in a Series A funding, the company said on Monday. The funding was led by Jackson Square Ventures, and also included Manifest Investment Partners, Lerer Hippeau Ventures, Freestyle Capital, and TenOneTen Ventures. CREXi operates an online marketplace for commercial real estate, connecting buyers, sellers, and brokers. The company said it has now raised $24M in total. The new funding goes towards sales and marketing, to growing its team, plus building its products. CREXi is led by CEO Michael DeGiorgio.

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