Commercial real estate deal data and analytics provider CompStak has picked up $12m of Series B financing led by IA Capital.
Existing backers Canaan Partners, 500 Startups and RealPage Inc also took part in the round, which brings the company’s total outside investment to $28m since it was launched in 2012.
Company co-founder and CEO Michael Mandel said, “IA Capital’s fund, backed by major insurance companies, is a terrific strategic fit for CompStak as we continue to expand our relationships with financial firms and insurance companies.
“They fully understood our market vision, and it was clear that IA Capital could help us achieve that vision.”
CompStak said the funding will be used to continue to accelerate growth into new product segments, expand the Exchange platform member base, acquire talent and propel revenue and customer growth.
IA Capital principal Matt Perlman said, “We have been incredibly impressed by the robustness of CompStak’s platform and the quality of their proprietary data.
“CRE is a massive industry with a palpable demand for new solutions and CompStak’s growing list of marquee clients is a testament to how well the team has executed. We are excited to help them expand to new markets and use cases in CRE finance, insurance and beyond.”
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