Total amount raised
$105 Millions
Latest funding date
09/01/2024
Location
Cherre has successfully raised $30 million in a Series C funding round, with notable investors including Nuveen and Trustbridge Partners. The platform specializes in real estate data management, offering tools for data quality improvement, governance strategies, and workflow automation.
Keep reading to explore the intricacies of Cherre's fundraising journey and the investors backing this innovative platform.
What Is Cherre?
Cherre, founded in 2016, is a real estate data platform based in New York, New York. The company connects decision-makers to property investment, management, and market information.
Founded by Ben Hizak, L.D. Salmanson, and Riju Pahwa, Cherre specializes in data ingestion, transformation, and utilization to support investment, underwriting, and management decisions.
With a team of 101-250 employees, Cherre offers various products and services, including data management, APIs, data submission portals, connectors, and reporting and analytics tools.
How Much Funding Has Cherre Raised?
- Seed Round
- Amount Raised: $9M
- Date: October 2018
- Lead Investors: Navitas Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the initial version of their real estate data platform.
- Series A
- Amount Raised: $16M
- Date: February 2020
- Lead Investors: Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their data management capabilities and enhance platform features.
- Series B
- Amount Raised: $50M
- Date: April 2021
- Lead Investors: Trustbridge Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: $30M
- Date: September 2024
- Lead Investors: HighSage Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further invest in their platform and provide clients with advanced data management tools.
Total Amount Raised: $105M. Current Valuation: Not publicly disclosed.
Key Investors
- HighSage Ventures
- Details: HighSage Ventures is a permanent capital-backed investment firm. They focus on long-term capital growth and strategic investments.
- Investment Focus Areas: General investment, long-term capital growth.
- Notable Investments: Not specified in the sources.
- Trustbridge Partners
- Details: Trustbridge Partners is a private equity firm. They invest in technology and growth-stage companies.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Various technology companies.
- Intel Capital
- Details: Intel Capital is the investment arm of Intel Corporation. They focus on technology and innovation.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Various technology companies.
- Navitas Capital
- Details: Navitas Capital is a venture capital firm. They invest in early-stage technology startups.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Not specified in the sources.
- Nuveen Real Estate
- Details: Nuveen Real Estate is a large real estate investment manager. They manage a diverse portfolio of real estate assets.
- Investment Focus Areas: Real estate investments.
- Notable Investments: Various large-scale real estate projects.
What's Next for Cherre?
With the recent $30 million Series C funding, Cherre is poised to expand its real estate data management platform, enhancing tools for data visibility and validation. This financial backing from major investors like HighSage Ventures and Nuveen Real Estate underscores the significant growth potential in the real estate data sector.
Future fundraising opportunities appear promising, with the potential for further venture capital rounds to scale operations and enhance platform capabilities. However, Cherre will need to navigate a rapidly changing regulatory environment and maintain robust data governance strategies to stay ahead of the competition.
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