Congratulations to Reonomy on a successful Series B fundraising. The company raised $13 million, which was led by Bain Capital and included participation from existing investors such as FinTech Collective, SoftBank and Resolute Ventures.
Real estate research and data startup Reonomy raised $13 million in its latest fundraising round, The Real Deal has learned. Bain Capital Ventures, which recently invested in social networking giant LinkedIn and test preparation company The Princeton Review, is leading Reonomy’s Series B round. Existing investors, including Mack Real Estate Group principals William, Richard and Stephen Mack, SoftBank Capital and Resolute Ventures, also upped their bets on the firm. All told, the Manhattan-based company has raised about $18 million, including $3.7 million in a Series A round in March. “We’re very excited and driven in equal measure,” Reonomy’s co-founder and CEO Richard Sarkis told TRD. The additional capital will be used to bulk up the firm’s engineering and sales capabilities and fuel its expansion into other national and international markets.