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Xceligent Lands $2 Mil in Financing

INDEPENDENCE, MO-The firm, which provides a data exchange system for the commercial real estate industry, plans to expand into eight new markets, including Minneapolis. Lenexa, KS-based W. P. Love Partners has raised $7 million in equity capital in two years.

By Jim McCartney | Updated on January 11, 2002

INDEPENDENCE, MO-Xceligent, a business software technology firm providing a data exchange system for the commercial real estate industry, has secured $2 million in its fourth round of equity financing. Lenexa, KS-based W. P. Love Partners has led all four rounds, which have raised $7 million in equity capital since Xceligent’s inception in January 2000.

Xceligent will use the new funding to expand into eight new markets by mid-2002. The company now operates locally controlled exchanges in the Kansas City metropolitan area, San Diego and as of Jan. 1, in Atlanta. Minneapolis will be online by the end of the first quarter 2002.

Several commercial real estate professionals– brokers, appraisers, property owners,developers and lenders–subscribe to Xceligent’s database application that lets them share property information online with other commercial real estate professionals. The CDX is also a research tool, enabling subscribers to store, search and report on a complete set of data fields for an entire universe of properties.

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