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Alternative Assets  + Real Estate  + VC  |  September 18, 2024
Cherre Raises $30M Series C Funding for Proptech Platform
Joe Palmisano
By: Joe Palmisano

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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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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