USA – Northspyre, a NYC-based financial tracking and project delivery automation platform for real estate developers, secured $25m in Series B funding.
This round was led by CRV, with participation from Craft Ventures, Tamarisc Ventures and Des Traynor, co-founder of Intercom. The company intends to use the funds to expand its reach to additional customers across the United States and select international markets, launch new products, and continue to refine and improve the core solution.Led by William Sankey, Co-Founder and CEO, Northspyre is a real estate industry’s purpose-built a cloud-based operating system for real estate owners and developers managing complex projects such as ground-up developments, fitouts and major renovations across all asset classes, including multifamily, office, retail, hospitality and mixed-use.Since inception, it has helped facilitate more than $44 billion in capital projects on behalf of the commercial real estate industry, and is now being used by more than 130 customers in nearly every major city across the U.S. Existing customers include Madison Realty Capital, Leggat McCall, SunCal and more.11/02/2022
