information provider RealMassive Grabs About $3M for sequence A
RealMassive, a commercial actual estate information supplier, has landed a series A funding round of about $ 3 million that offers it a $ 20 million valuation as the corporate seeks to launch a subscription provider on prime of its current free industrial real property listings.
in view that its founding in 2013, the Austin, TX-primarily based firm has obtained $ eight million in undertaking funding led through RHS Investments, as well as harm household Investments and Capital factory, the native incubator and accelerator software. RealMassive didn’t divulge Thursday how a lot of that $ 8 million used to be new cash from investors including RHS, which is run through Hank Seale, the founder and chairman of Austin-primarily based Q2 Holdings (NYSE: QTWO). throughout an interview with Xconomy in March, RealMassive said it had raised $ four.6 million to that point.
along with the funding, RealMassive’s two founders switched titles. Craig Hancock, up to now the president, used to be named the CEO of the corporate. Joshua McClure moved from CEO to president. Seale was once named chairman of the corporate’s board. the corporate said the move was made so that Seale and Hancock might start “monetizing” the Austin market, whereas McClure may handle a focus on the corporate’s vision, product, and marketing efforts.
RealMassive has spent most of its history collecting commercial real estate data in quite a lot of markets right through the U.S., with 33 so far and plans to be in seventy two general. It has equipped free access to that knowledge, such as the size or price of a industrial, commercial, or retail area. the corporate plans to promote a subscription service that costs $ 357 a month, a good way to provide somebody interested by business actual property information more than a few instruments for inspecting and computing it.
“Calculated, statistical knowledge is going to lend a hand them make better information-pushed choices on whether to carry onto certain residences in certain markets, when to enter or exit a market,” Hancock said in March. “those kinds of selections are in point of fact ripe for more data to be injected.”
business actual estate professionals from companies together with HPI real estate products and services, Aquila business, Avison young, and InSite Realty also participated in the funding.
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