Northspyre announces $25m Series B
Summary
, a financial tracking and project delivery platform for real estate developers, today announced raising a $25 million Series B led by , according to a press release shared with FinLedger. The company says it plans to use the funding to continue business growth, and expand its solution to improve the development process within the multi-trillion dollar commercial real estate industry. Since launch the company has helped facilitate more than $44 billion in capital projects on behalf of the commercial real estate (CRE) industry, and is now being used by more than 130 customers across every major in the US, according to the release. Eventually one of those concepts that came was a prototype and insight for a little bit of a grand theory of how you could leverage all these data points and do something special around helping teams to just get more predictability, without having all the administrative burden around that. I think the pandemic, definitely horrible thing all together, but at least in terms of the adoption of technology for real estate, which is traditionally very slow to change, this was a little bit of a forcing mechanism that I think was probably happening anyways.