Loading organizations...
§ Private Profile · Los Angeles, CA, USA
Online marketplace and technology platform for commercial real estate professionals to buy, sell, lease, and auction properties.
Based in Marina del Rey, California, Crexi operates an online marketplace and technology platform that enables users to buy, sell, lease, and auction commercial real estate properties. The platform provides real-time data, marketing tools, and transaction services to a network of over 3 million commercial real estate professionals across the United States. Operating a marketplace model with dedicated auction services, the company generates revenue through transaction commissions, listing fees, and subscription packages. To date, the enterprise has facilitated more than $1 trillion in total transactions and currently hosts active property listings representing over $2 trillion in total asset value. Crexi has raised $30 million in funding from a syndicate of prominent investors, including Mitsubishi Estate Company, Industry Ventures, Prudence Holdings, and Lerer Hippeau Ventures. The organization was founded in 2015 by Michael DeGiorgio, Erek Benz, and Luke.
Crexi has raised $45.0M across 3 funding rounds.
Crexi has raised $45.0M in total across 3 funding rounds.
Crexi has raised $45.0M across 3 funding rounds. Most recently, it raised $30.0M Series B in January 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 27, 2020 | $30M Series B | Industry Ventures, Mitsubishi Estate, Gavin Myers | Jackson Square Ventures, Lerer Hippeau | Announced |
| May 1, 2018 | $11M Series A | — | AngelPad, Founder Collective, Freestyle Capital, Josh Breinlinger, Lerer Hippeau, Manifest, TenOneTen Ventures | Announced |
| Feb 1, 2016 | $4M Seed | — | AngelPad, CP Ventures, Alan Cohen, Matt Ocko, Founder Collective, Oyster Ventures, Revel Partners, Wildcat Ventures, Sahin Boydas, Freestyle Capital, Karlin Ventures, Leon Capital Group, Lerer Hippeau, TenOneTen Ventures | Announced |
Crexi has raised $45.0M in total across 3 funding rounds.
Crexi's investors include Industry Ventures, Mitsubishi Estate, Gavin Myers, Jackson Square Ventures, Lerer Hippeau, AngelPad, Founder Collective, Freestyle Capital, Josh Breinlinger, Manifest, TenOneTen Ventures, CP Ventures.
Crexi is a venture-backed commercial real estate (CRE) technology platform founded in 2015 that provides an AI-powered marketplace and tools to streamline property listings, lead generation, deal management, and transactions for brokers, buyers, sellers, tenants, and other stakeholders.[1][2][3][4] It serves CRE professionals by solving inefficiencies in a traditionally slow, opaque industry through features like the open PRO marketplace, Intelligence for data insights, Auctions, and recent AI tools such as Crexi Vault for document processing.[1][3][5] Crexi has facilitated over $1 trillion in transactions, 8.6 billion square feet leased, and supports 2 million+ monthly active users with 100 million+ leads generated, demonstrating strong growth including Series A (2017) and Series B (2022) funding rounds and expansion to over 500 employees.[1][3][4]
Crexi was founded in 2015 by CEO Michael DeGiorgio, who drew from his experience at Auction.com where he handled data entry, transactions, and client management for real estate investment trusts and institutions, identifying the CRE industry's lag in technology adoption.[1][2] Starting from a rental house in Venice, California, with early team members building furniture and engaging brokers directly, DeGiorgio launched a free open sales marketplace with just four listings.[1] Pivotal moments included expanding to the PRO platform in 2018 (adding lease marketplace), releasing Intelligence and Auctions in 2019, securing $24 million in funding, and evolving into a comprehensive AI-driven platform amid rapid user and data growth.[1][2][3]
Crexi stands out in CRE tech through its customer-centric, data-driven tools that accelerate workflows and enhance transparency:
Crexi rides the wave of CRE digitization, addressing a sector historically behind residential real estate in tech adoption by bringing workflows online amid rising data demands and AI advancements.[1][2] Timing aligns with post-2020 market shifts toward efficiency, remote deal-making, and data precision, fueled by economic pressures like interest rates and hybrid work influencing leasing (e.g., 8.6B sq ft tracked).[3] Market forces favoring Crexi include exploding CRE data volumes, partnerships for MLS/zoning/permitting insights, and AI for underwriting/automation, positioning it as a leader in a $trillions-scale industry.[3][6] It influences the ecosystem by fostering transparency, faster closes ($1T+ transactions), and tools that empower smaller brokers against institutions, modernizing CRE into a connected, insight-rich space.[1][4]
Crexi's trajectory points to dominance in AI-enhanced CRE, with 2026 plans for zoning/traffic/multifamily data, advanced automation, predictive tools, and deeper integrations to further cut costs and boost deal velocity.[3] Trends like AI proliferation, regulatory data openness, and CRE's tech catch-up will propel growth, potentially expanding into adjacent verticals like residential or global markets. Its influence may evolve from marketplace pioneer to indispensable infrastructure, empowering pros to transact at scale—echoing DeGiorgio's vision of progress born from industry trenches.[1][2][3]