# Crexi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crexi

- Industry: Commercial Property
- Headquarters: Marina del Rey, US
- Website: www.crexi.com
- Total disclosed funding: $54M
- Latest round: Series C (Mar 25, 2022)
- Investors on record: 14

## About

Crexi, based in the US, offers a digital marketplace for commercial real estate, streamlining the buying, selling, and leasing process through innovative tools and insights.Founded in 2015 in Marina del Rey, US, Crexi provides an online platform for commercial real estate transactions. The company was founded by Ben Widhelm, Erek Benz, Luke Morris, and Michael DeGiorgio, who currently serves as CEO. Crexi has successfully raised USD 30.00 mn in a SERIES B funding round in March 2022, attracting investors including Freestyle VC, Gaingels, and others. The company has completed a total of 6 deals to date, with the latest deal occurring on March 25, 2022.Crexi operates as a comprehensive digital marketplace for commercial real estate, facilitating buying, selling, and leasing activities. Their platform enables property owners and prospective buyers or tenants to connect seamlessly through features like property listing, management, and searching tools. The company serves a diverse clientele, including real estate agents and institutional investors, and aims to enhance transaction efficiency and market visibility across key markets in the United States.Crexi generates revenue through a subscription model, where clients pay for premium listings and enhanced visibility on their platform. The company also engages in commission-based transactions for properties sold or leased via their service, with various pricing tiers available based on the level of exposure and features provided.Crexi plans to utilize the funding raised in March 2022 to expand its platform capabilities and enhance user experience. The company is also focusing on entering new markets within the commercial real estate sector. Specific target markets for expansion have not been disclosed, but Crexi aims to broaden its geographic footprint as part of its growth strategy.

## Funding rounds

- Series C, Mar 25, 2022 — FJ Labs
- Series B, May 22, 2020 — FJ Labs
- Series B, Jan 24, 2020, $30M — Industry Ventures, Lerer Hippeau Ventures, Freestyle VC, Jackson Square Ventures, Prudence, Gaingels, Mitsubishi Estate
- Series A, May 21, 2018, $11M — Lerer Hippeau Ventures, Founder Collective, Freestyle VC, TenOneTen Ventures, Jackson Square Ventures, Manifest Investment Partners
- Seed, May 26, 2017, $8.7M — TenOneTen Ventures
- Seed, Feb 25, 2016, $4.3M — Lerer Hippeau Ventures, Founder Collective, Freestyle VC, Karlin Ventures, Leon CVM Capital, TenOneTen Ventures, Wonder Ventures

## Investors

- Lerer Hippeau Ventures — Seed, Series A, Series B
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed, Series A
- Freestyle VC (https://capitalatlas.ai/funds/freestyle-vc) — Seed, Series A, Series B
- Karlin Ventures (https://capitalatlas.ai/funds/karlin-ventures) — Seed
- Leon CVM Capital (https://capitalatlas.ai/funds/leon-cvm-capital) — Seed
- TenOneTen Ventures (https://capitalatlas.ai/funds/tenoneten-ventures) — Seed, Series A
- Wonder Ventures (https://capitalatlas.ai/funds/wonder-ventures) — Seed
- Jackson Square Ventures (https://capitalatlas.ai/funds/jackson-square-ventures) — Series A, Series B
- Manifest Investment Partners (https://capitalatlas.ai/funds/manifest-investment-partners) — Series A
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series B
- Prudence (https://capitalatlas.ai/funds/prudence) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- Mitsubishi Estate — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B, Series C