CREXi Secures Series A Investment to Further Tech Platform

LAS VEGAS—Marina Del Rey, CA-based CREXi, a CRE technology platform, recently revealed an $11-million Series A financing. Led by Jackson Square Ventures, along with other investors including Manifest Investment Partners, Lerer Hippeau Ventures, Freestyle Capital, and TenOneTen Ventures, the latest financing brings CREXi’s total funding to $24 million.

GlobeSt.com caught up with Michael DeGiorgio, CEO of CREXi, at the recent ICSC RECon conference here in Las Vegas, about the company’s growth.

Since launching in 2016, CREXi has quickly become one of the most active marketplaces in the industry, and the platform has helped buyers, sellers, and brokers to transact business on over 90,000 commercial listings totaling more than $450 billion in property value. CREXi’s user base has grown more than 230% in the last year.

“We are passionate about helping commercial real estate professionals focus on what they do best,” says DeGiorgio. “We listen closely to our customers and build around the belief that technology should make them more productive.” He tells GlobeSt.com that the company’s transaction management solution helps CRE professionals “quickly streamline, manage, and grow their business.”

He also tells GlobeSt.com that he is excited to have closed this latest financing with such great partners who believe in CREXi and the business opportunity in the CRE space. “The additional capital will allow us to grow our marketplace, expand our team and continue to build best-in-class products for our customers.

Over the last two years, CREXi has brought innovations to the commercial real estate industry that have enabled its users to automate their marketing, access critical insights in real-time and move between desktops and mobile devices seamlessly.