CommissionTrac ends seed funding round with $1.15M

Atlanta-based software startup that uses its tech to streamline real estate brokerage operations, CommissionTrac, has ended a seed funding round with $1.15 million. The startup now has several commercial real estate brokerages and other property professionals as backers to its endeavors.

Those investors include President and CEO of Colliers Atlanta Bob Matthews, President and Co-Owner of Hailey Realty Jay Young, Jr., and several others.

“We felt it was important to go to people who would be more than just a check,” CommissionTrac’s founder Turner Levison says. “All of those people, with all of their industry connections, are now cheering for CommissionTrac.”

Cox Enterprises also contributed to the round, following on their investment from when CommissionTrac was accepted into the Techstars Atlanta accelerator, which is sponsored by Cox.

“CommissionTrac has experienced great traction to date and we are excited to support the business as it grows in Atlanta,” says Kim Shriver, of Cox Enterprises Corporate Strategy & Development.

Levison founded the startup with his father, a successful CRE broker, in 2015. He had observed all the inefficiencies in the back-end operations of brokerages, which often rely on complicated, tedious manual data entry to track sales, commissions, fee structure, and payouts. 

The platform automates all of that, streamlining those operations, freeing up administrator’s time, and allowing the firm’s management to get a broad view of all of their agents’ performances and the overall financial health of the firm.

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