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Reonomy, a massive database of commercial property intel, raises $60M

The property industry — covering people and businesses that invest in, build, purchase or rent and maintain property — is hugely fragmented when it comes both to data sources and the companies that work within it.

Reonomy — a startup that ingests some 100 sources of data, including multiple public and proprietary data feeds and crowdsourced information, and then uses artificial intelligence to crunch it to provide market intelligence that is used by developers, investors, acquirers and anyone else who works in the area of commercial property (otherwise known as commercial real estate, CRE, ranging from buildings zoned for business through to multi-dwelling units, but not single private homes) — has closed a Series D round of $60 million.

Today, the company has more than 100,000 customers — with single customers sometimes covering multiple users — along with a database covering some 50 million properties, accounting for some 99% of the commercial inventory in the country.

“Reonomy has developed a powerful platform to integrate and resolve sources of commercial real estate data into a single, unique identifier for every CRE asset in the United States,” said Emily Walsh, principal at Georgian Partners, in a statement.

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