Proptech company NavigatorCRE is a Seattle-based commercial real estate data analytics SaaS platform. With UK expansion plans, the company has picked up £12.5 million in a Series A funding round.
New London office in 2021
The investment round in NavigatorCRE was led by Fulcrum Equity Partners along with participation from existing investors. Fulcrum Equity Partners has a strong track record in SaaS platform investments with over 25 investments in the SaaS, HealthTech & FinTech sectors.
The round enables the startup to enter the UK’s commercial real estate market. The company intends to double its size and revenue over 2022 and has set a goal for the UK to become a substantial part of the business by 2023. The fresh funds will let NavigatorCRE open a dedicated London office in Q4 2021. It eyes to establish a strong presence in the UK from which to expand to Europe.
Commenting on the firm’s U.K. expansion plans, Taylor Odegard, CEO and Founder of NavigatorCRE said: “We want to become the go-to platform across the globe for data optimisation, visualisation and analytics in commercial real estate. For us, the U.K. has always felt like the natural next step on that journey, as well as the ideal launchpad into Europe and beyond. The power of data in decision making is just as important in the U.K., meaning the opportunities for NavigatorCRE here are enormous. The conclusion of our funding round, coupled with our clients’ increasing appetite for overseas expansion themselves, means we’re now in a position of real strength to make this exciting step.”
Fulcrum Partner, Frank X. Dalton commented: “Founded in 2015, NavigatorCRE saw a huge gap in the technology that serves the commercial real estate industry and found that most operators, from Asset Managers to Brokers, had extremely limited capabilities to unlock the power of data in their day-to-day operations.”
Kevin Shtofman, COO of NavigatorCRE, added: “We strive to be integral to the success of our customers. We see a rapidly growing industry trend to gather, audit, integrate, and visualize data in order to drive insights in just minutes vs months and years, (which is the industry norm). We feel so strongly about this that we call it our customers’ Return on SpeedTM.”
Fast-growing proptech
Founded in 2015 by Taylor Odegard, NavigatorCRE saw a huge gap in the technology that serves the commercial real estate industry and found that most operators, from Asset Managers to Brokers, had extremely limited capabilities to unlock the power of data in their day-to-day operations.
The company has been successful in shifting its platform’s focus from solely brokerage services to focus on enterprise asset management and occupiers in 2019. It received numerous awards for innovation in data analytics, asset management, capital markets and occupier services from TechCrunch, CREtech and RealComm. Also, it is one of the fastest-growing startups in Seattle with offices in Los Angeles and Dallas as well.
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