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High-rise commercial buildings

Sub Markets

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Alternative Assets  + Real Estate  + VC  | 
Cherre Raises $30M Series C Funding for Proptech Platform

Cherre Raises $30M Series C Funding for Proptech Platform

Cherre, a real estate data management and intelligence platform, raised a $30 million Series C round led by HighSage Ventures, with participation from Nuveen Real Estate, RXR (RADV), certain principals of TA Realty, and others, as well as current investors Trustbridge Partners, Glilot Capital Partners, Intel Capital, and Carthona Capital.

Launched in 2016, the NYC-based firm proptech firm said the capital will be used to accelerate the development of its data management and intelligence tools. The firm added that following a year of “double-digit revenue growth,” the additional funds will allow the firm to “exponentially scale.”

“This round positions Cherre to capitalize on the vast opportunity to provide real estate investors, lenders, and service providers with data intelligence capabilities that improve underwriting processes and streamline operations,” said Nicholas Appelo of HighSage Ventures

“We help real estate organizations leverage data to flexibly grow and scale in ways they wouldn’t otherwise be able to do today,” added L.D. Salmanson, Cherre CEO and co-Founder.

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Cherre

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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