Commercial Real Estate Exchange Lands $11 Million in Series A Financing

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Commercial Real Estate Exchange Inc., a Marina del Rey-based marketing and technology platform, announced it has secured $11 million in series A financing led by Jackson Square Ventures of San Francisco.

Other investors include the Beverly Grove-based TenOnTen Ventures, Manifest Investment Partners of Tiburon, Calif., New York-based Lerer Hippeau Ventures and Freestyle Capital of San Francisco, among others.

CREXi, as the company bills itself, is an online marketplace that counts more than 50 employees. The company said it has helped buyers, sellers and brokers do deals on more than 90,000 commercial listings totaling more than $450 billion value since CREXi’s launch in 2016.

“For a market that’s notoriously reluctant to embrace technology, we’re excited to see such strong levels of adoption and engagement among relevant stakeholders,” said Josh Breinlinger, managing director of Jackson Square Ventures, in a statement.

Real estate reporter Ciaran McEvoy can be reached at [email protected] or (323) 556-8337.

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