NEW YORK, Feb. 13, 2017 /PRNewswire/ -- CrediFi Corp.,
the leading source for data and analytics for commercial real
estate finance, announced today that it closed its Series B funding
round of $13 million. The company
received significant strategic investment, as the round was led by
Liberty Interactive's Liberty Israel Venture Fund, and joined by 31
VENTURES Global Innovation Fund, a CVC fund managed by Global Brain
for Mitsui Fudosan, Japan's
leading real estate developer, along with substantial participation
from existing investors Battery Ventures, Carmel Ventures, OurCrowd
and Stax.
Commercial Real Estate (CRE) finance markets will continue to
experience substantial changes in 2017, requiring new
solutions for both deal origination and risk
oversight. CrediFi's cloud-based data services enable
visibility into both the opportunities and risks in CRE finance
markets. Leveraging the best of both technology and human
expertise, CrediFi collects and analyzes data that educates key
decision makers, empowering them to make smarter and more
profitable decisions.
The CrediFi data platform covers $13
trillion in CRE debt in the U.S., and uniquely combines both
securitized and non-securitized loans. These relate to 2.3 million
properties, in all 50 states, across the full spectrum of CRE asset
classes, from multifamily to offices, and from distribution centers
to senior housing. Loan origination, portfolio management, and
competitive analysis, are available in one place, enabling market
players to lend more intelligently and invest more strategically.
Current clients include premier asset holders, hedge funds, large
scale institutional banks, and others.
"Step one to improving this vast, $15 trillion
market is to create transparency in understanding borrowers,
lenders and commercial properties on an ongoing basis," said
CrediFi CEO Ely Razin. "We've proven we can. The next step is to
arm brokers, lenders, and borrowers with a next generation of tools
to help them even further."
Since its Series A funding, CrediFi has grown its loan database
from $1 trillion in commercial loans
to $13 trillion, representing over 40
billion square feet of property across the USA. "Our loans database includes
recently added agency data sets from Freddie Mac, HUD, LIHTC, and
SBA, among others, which for the first time are aggregated on a
single platform alongside the worlds of balance sheet and
securitized CRE loans," continued Razin.
CrediFi has also developed visualization technologies to map
lending and property activity and launched services to provide
vital ultimate ownership information.
The additional funding brings the company's total capital raised
to $23 million since the company was
founded in 2014, all raised with the goal of increasing CRE finance
transparency in understanding market players and trends. The new
funds raised will be used to accelerate CrediFi's ongoing growth,
including the expansion of its sales and marketing organization as
well as a major upcoming product launch. Motti Lichtenstein, who led the investment for
Liberty Interactive's Liberty Israel Venture Fund, will join
CrediFi's board of directors.
About CrediFi
Founded in 2014, CrediFi Corp. is a SaaS
big data platform serving the Commercial Real Estate Finance
market. CrediFi is the commercial real estate leader in the
Fintech space, focused on greater transparency in understanding
borrowers, lenders and transactions, enabling better real estate
investment decisions. CrediFi currently has 75 employees, dual
headquartered in New York City and
Tel Aviv.
About Liberty Israel Venture Funds
The Liberty Israel
Venture Funds ("Liberty Israel") are
a pair of venture capital funds, one organized by Liberty Media
Corporation (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, LMCA, LMCK)
and the other organized by Liberty Interactive Corporation (NASDAQ:
QVCA, QVCB, LVNTA, LVNTB). Liberty Israel is dedicated to
investing in Israeli technology start-up companies, stages A and
above primarily, whose businesses and operations are related to the
Liberty Media and Liberty Interactive portfolios of companies.
Liberty Israel's areas of interest
include companies relating to cyber security, the connected car,
media and communications technologies, digital commerce, IT, Big
Data and more. For more information regarding Liberty Israel, please email
info@libertyisrael.vc. For inquiries regarding Liberty Media
Corporation or Liberty Interactive Corporation, please contact
Courtnee Chun at 720-875-5420.
Media Contact: Joseph Katz
212-419-8080 ext 601
joseph.katz@credifi.com
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SOURCE CrediFi