Seattle-based NavigatorCRE, makers of a data analytics platform that serves the commercial real estate industry, has raised $17.2 million in new funding, the startup announced Tuesday.
The company plans to use the funds to expand across North America and Western Europe and launch what it’s calling a Customer Advisory Council to help continue to shape the platform with insight from influential customers across commercial real estate asset classes.
“We saw there was an enormous chasm in the CRE industry for owner operators to be able to bring together portfolio, leasing, acquisitions, underwriting, debt, financials, aged receivables, and market datasets into a harmonious data visualization experience,” co-founder and CEO Taylor Odegard said in a news release.
Odegard, who previously spent five years at the commercial real estate services and investment firm CBRE, founded NavigatorCRE in 2014 alongside Russ Johnson, who spent 21 years at CBRE and Brett Hartzell, who has 36 years at CBRE.
The Series A funding round was led by Atlanta-based Fulcrum Equity Partners and was joined by existing investors. Navigator has raised approximately $24 million to date.
Navigator has nearly 40 employees and offices in Seattle, Los Angeles and Dallas.