ResiModel Reaches $3.5 Million in Funding
ResiModel announced its most recent round of funding, which brings the total amount they have raised to approximately $3.5 million. The funding and high-profile investors (including names from Axiometrics, Goldman Sachs, and Deutsche Bank) speak to the significant value and potential of the tech solution that ResiModel offers.
The data platform, which has a high-profile user base, was created to revolutionize how data for multifamily transactions (of which there are approx. a quarter-trillion dollars annually) is analyzed and shared, harnessing the power of big data to enhance clarity. The platform allows users to gain deeper insight into the properties they analyze -- and is so successful that its revenues have increased 10-fold in the past 12 months.
Also of great interest are the high-profile nature of its investors. This round's investors include Axiometrics; Kevin Quinn (fmr. Global Co-head of Technology Investment Banking at Goldman Sachs); Kurt Roeloffs (fmr. CIO at Deutsche Bank Real Estate); and Bob White, Founder and President of Real Capital Analytics.
Read the press release here.