Proptech company Prophia announced that it had raised $10.2 million in Series-A fundraising. Cercano Management led the round. Also participating were SignalFire and several customers. Prophia had previously raised $5.1 million since its first seed round in 2018. The firm didn't announce what it planned to use the funds for.

"The company has also reported 250% ARR growth in 2022, as it supports customers growing data sets across 160 million square feet of assets under management," according to its press release. There's no indication of what annual recurring revenue was before the growth, so it is impossible to know the significance of the net figure.

"Dedicated to eliminating manually intensive lease abstractions and data accessibility processes, Prophia allows industry leaders to enhance their investment strategy with comprehensive, verifiable, and structured commercial portfolio data," the release said.