Total amount raised
$16.9 Millions
Latest funding date
2/1/2022
Location
Occupier has successfully raised funding through multiple rounds, with its latest being a Series A round in February 2022. The platform offers a suite of software solutions designed to streamline real estate transactions, lease management, and accounting compliance for commercial tenants.
Keep reading to explore the intricacies of Occupier's fundraising journey and the investors backing this innovative platform.
What Is Occupier?
Occupier, founded in 2018, is based in New York, New York. The company was established by Andrew Flint, Erik Pearson, and Matthew Giffune.
Occupier specializes in proptech software designed to help commercial tenants make smarter real estate decisions. Their solutions streamline lease management, from site selection to lease accounting.
With a team of 11-50 employees, Occupier continues to innovate in the commercial real estate sector, providing tools that enhance collaboration and ensure compliance.
How Much Funding Has Occupier Raised?
- Seed Round
- Amount Raised: $1.4M
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their proptech software and establish a market presence.
- Seed Round
- Amount Raised: $5M
- Date: March 2021
- Lead Investors: Alate Partners, MetaProp
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product features and scale operations to meet growing demand.
- Series A
- Amount Raised: $10.5M
- Date: February 2022
- Lead Investors: OMERS Ventures, Stage 2 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To double the team, enhance product features, and integrate third-party data sources.
Total Amount Raised: $16.9M. Current Valuation: Not publicly disclosed.
Key Investors
- OMERS Ventures
- Details: OMERS Ventures is the venture capital arm of OMERS, one of Canada's largest pension funds. They focus on investing in early and growth-stage technology companies.
- Investment Focus Areas: Technology, disruptive innovations, early-stage tech businesses.
- Notable Investments: Shopify, Hopper, DuckDuckGo.
- Stage 2 Capital
- Details: Stage 2 Capital is a venture capital firm that combines capital with go-to-market execution expertise. They leverage a network of over 300 senior executives from unicorns and Fortune 500 companies.
- Investment Focus Areas: B2B software, go-to-market strategies, revenue scaling.
- Notable Investments: Gong, Outreach, SalesLoft.
- Alate Partners
- Details: Alate Partners is a venture capital firm that invests in technology companies transforming the real estate industry. They aim to support companies that enhance the built environment.
- Investment Focus Areas: Real estate technology, proptech, built environment innovations.
- Notable Investments: Lane, HqO, Honest Buildings.
- MetaProp
- Details: MetaProp is a venture capital firm focused on real estate technology. They provide funding and support to startups that are innovating in the proptech space.
- Investment Focus Areas: Real estate technology, proptech, property management solutions.
- Notable Investments: HqO, Bowery Valuation, Enertiv.
What's Next for Occupier?
Occupier stands at the cusp of significant growth, driven by the increasing need for digital solutions in real estate management. With new lease accounting guidelines bringing an estimated $3 trillion in lease liabilities onto balance sheets, the market opportunity is vast. The company plans to double its team and enhance its platform with features like payment processing and third-party integrations, positioning itself to capture a larger share of this evolving market.
Future fundraising seems likely as Occupier continues to scale, potentially attracting more investment to support its ambitious growth plans. However, challenges such as integrating new features, scaling the team effectively, and competing with established software providers remain. Adapting to the rapidly changing real estate landscape, especially post-pandemic, will be crucial for sustained success.
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