The company, also known as Crexi runs a marketplace it hopes will streamline commercial real estate buying, selling, leasing and lending. It also creates data reports and hosts auctions.
Eli Randel, the company’s chief strategy officer, said it had seen more demand than ever for remote work products.
“2020 was a landmark year for us. We’ve carried it into 2021. We have some new products and services,” he said.
Crexi used to be focused mainly on for-sale properties, but now it has extensive lease listings as well.
“It was a natural progression for us,” Randel said. “We already had the product built. It was pretty easy to clone that p
Randel added that the
Last year, Crexi raised a $30 million Series B round to drive expansion. The funding was led by Mitsubishi Estate Co. Ltd., Industry Ventures and Prudence Holdings.
Despite the Covid-19 pandemic, Randel said demand was high for Crexi’s offerings.
“People are really open-minded to, and seeking out, virtual products,” he said. “They were … thinking about what could help them reduce overhead, and our products and services reduce that significantly.”
Looking forward, Randel said the company will continue to grow.
“We think we have a good suite of products and services and are in the really early innings of penetration and the market we are just scratching the surface of,” he said.