US-based real estate data and analytics company Reonomy raised $13m yesterday in a series B round that featured SoftBank Capital, a corporate venturing subsidiary of telecommunications and internet conglomerate Softbank.
Bain Capital Ventures, the venture capital unit of private equity firm Bain Capital, led the round. Resolute Ventures, High Peaks Venture Partners, KEC Ventures, FinTech Collective and Solon Mack Capital also participated.
Softbank Capital also led a $3.8m series A round for Reonomy in March 2014 that included FinTech Collective, Resolute, High Peaks and KEC. Reonomy previously raised $1.15m in a March 2013 seed round.
Reonomy has created a platform for lenders, brokers and investors to conduct market-level research of commercial real estate property.
Rich Sarkis, chief executive and co-founder of Reonomy, said: “We plan to use this capital to grow our team to continue to meet this demand and to expand into new domestic and international markets.”