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Congratulations to CEO Rich Sarkis and the Reonomy team on their $16m financing! Since being founded in 2013, Reonomy has expanded to 3,000 counties and 20,000 municipalities, bringing unparalleled transparency to commercial real estate data. We're proud to have participated in the company's prior funding, and look forward to supporting the team's growth!
The company, founded in 2013, has now picked up just under $40 million from investors, making it one of the deeper-pocketed startups to tackle the burgeoning market for commercial real estate intelligence. Core clients include real estate developers and investors such as Red Apple and Tishman Speyer, brokerages such as JLL and Cushman & Wakefield, and banks such as Wells Fargo and JPMorgan Chase. The partnership with Newmark will give the brokerage, which went public in December, the ability to use Reonomy’s data to build its own tools for brokers and clients. Reonomy has a team of about 40 people and, according to Sarkis, is “well on our way to double-digit millions” in recurring revenue.
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