US-based property technology developer Reonomy raised $30m in a series C round yesterday from investors including SoftBank Capital, a unit of telecoms and internet group SoftBank.
Sapphire Ventures, the venture capital firm spun out from software developer SAP, led the round, which also included Bain Capital Ventures, a VC affiliate of private equity firm Bain Capital.
Founded in 2013, Reonomy has developed data analytics technology that continuously aggregates, validates and analyses information on commercial real estate properties, mortgages and sales, companies and ownership contacts.
The data can be accessed directly through a cloud-based platform, which offers more than 300 filters, by subscribers or integrated in third-party applications by enterprise users.
The funding will drive continued business growth. Reonomy has now raised $68.4m in funding to date, according to the latest press release.
Reonomy previously raised $16m in February 2018 from investors including MMC Technology Ventures, a subsidiary of property advisory and services group Marcus & Millichap. The round was co-led by Bain Capital Ventures and unnamed backers.
The February round also featured Jaws, Red Apple Group and an undisclosed amount of venture debt from Silicon Valley Bank.
SoftBank led a $3.8m series A round in 2014 through its SoftBank Capital unit, which has since halted investments in new companies but still supplies follow-on funding. The round featured FinTech Collective, Resolute Ventures, High Peaks Venture Partners and KEC Ventures.
SoftBank Capital returned in 2015 to support a $13m series B round led by Bain Capital Ventures, with participation from Resolute, High Peaks, KEC Ventures, FinTech Collective and Solon Mack Capital.