Data management platform for commercial real estate (CRE) owners that offers them insight on portfolio risk and business opportunities, Leaseable, has recently announced that it has raised $3.5 million in a Series Seed funding round.
Led by early-stage venture capital firm, SignalFire, Leaseable will use the funding to continue the development of its AI-enabled platform, expand its data management services, and continue the its commercial operations growth.
"Leaseable's mission is to elevate CRE data from a by-product of property ownership to the backbone of CRE decision-making," said CEO Cameron Steele, who was also one of the original founders of Leaseable in 2018. "SignalFire is one of the most data-driven early stage investors in Silicon Valley, and the resources they bring will accelerate the process of making Leaseable a category-leading company."
"Another key driver in our decision to invest in Leaseable was their combination of domain experience and deep tech focus, as well as their ability to gain customer traction rapidly," says Ilya Kirnos of SignalFire.
Leaseable has only just launched its beta six months prior and has already seen millions of square feet and thousands of tenants managed on its cloud-based platform.
Cloud technology, machine learning, and natural language processing seem to be the trends driving the shift in CRE companies balance their data from traditional to modern. As a result, Leaseable's mission to bring efficiency, automation and real-time insights to lease and tenant management is coming to fruition with an industry that has been overlooked in data innovation over the past two decades.
Edited by V. Haviland
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