Crexi's Mike DeGiorgio on the CRE Tech's $30M Raise | Cheddar

Crexi's CEO chats with Cheddar about the company's Series B funding, fueling commercial real estate's fastest-growing marketplace, data & technology platform. Crexi, the commercial real estate (CRE) industry's fastest-growing marketplace, data, and technology platform, announced a $30 million Series B funding round led by Mitsubishi Estate Company (“MEC”), Industry Ventures, and Prudence Holdings. Existing investors Lerer Hippeau Ventures, and Jackson Square Ventures also joined this round. Mike DeGiorgio, founder and CEO of Crexi, told Cheddar that the Los Angeles-based company has prioritized creating an open marketplace, rather than putting up cost barriers. "We're trying to keep most of the marketplace completely free," he said. "We think that everything in commercial real estate today has been pay to play — pay to access data, pay to list the property, pay to see what's for sale and what's for lease. We want a free marketplace."