Ten-X is a company.
Ten-X has raised $50.0M across 1 funding round.
Key people at Ten-X.
Ten-X has raised $50.0M in total across 1 funding round.
Ten-X is a leading digital marketplace for commercial real estate (CRE) transactions, founded in 2007 and headquartered in Irvine, California. It builds a technology-driven platform that enables users to discover, list, evaluate, and purchase commercial properties entirely online through verified listings, real-time bidding, auction workflows, and integrated tools for due diligence, secure bidding, and digital closings.[1][2] Serving property owners, lenders, institutional investors, brokers, and financial institutions, Ten-X solves inefficiencies in traditional CRE deals by providing transparency, speed, and broader market reach, powering a significant portion of online CRE sales.[1][2] The platform has demonstrated strong growth, surpassing $20 billion in total sales volume by 2018 and integrating with major marketplaces like LoopNet as of 2025, following its 2020 acquisition by CoStar Group.[2]
Ten-X was founded in 2007 by Jeff Frieden in Irvine, California, initially evolving from offline real estate models into a pioneer in online auctions.[1][2][3] The company took its first major step in 2009 by holding the first online CRE auction, combining access to premium properties with secure digital transactions, which transformed the industry.[2] Early backing from Stone Point Capital helped shift Ten-X to a fully online model, supporting expansions into online auctions, deed-in-lieu sales, trustee sales, short sales, CRE and loan note auctions, and consumer-to-consumer auctions; Stone Point also aided in expense restructuring, domain acquisitions like Auction.com, and strategic partnerships with players like Google Capital, Starwood, and Fortress.[3] Key milestones include a $50 million Series C from CapitalG in 2014 to scale the marketplace and data capabilities, $200 million in debt financing in 2015 for infrastructure growth, and acquisition by CoStar Group in 2020, enhancing its position with CoStar's analytics and marketplaces.[1][2][5]
Ten-X rides the digitization wave in commercial real estate, capitalizing on trends like online marketplaces, AI-driven analytics, and proptech to disrupt a historically opaque, broker-heavy industry.[1][2] Its timing aligned with post-2008 recovery needs for efficient asset disposition, evolving from residential/REO auctions to dominant CRE focus amid rising demand for data transparency and remote transactions.[3] Market forces favoring Ten-X include institutional investor shifts to digital platforms, CRE market fragmentation enabling broader reach, and synergies from its 2020 CoStar acquisition, which combines transaction tech with top-tier data and listings.[2][5] By powering most online CRE sales and innovations like LoopNet integration, Ten-X influences the ecosystem by standardizing digital deals, attracting fintech crossovers, and accelerating proptech adoption.[1][2]
Ten-X is poised to deepen its dominance in digital CRE through ongoing innovations like enhanced analytics, predictable transactions, and LoopNet synergies, potentially expanding into AI-powered underwriting and global markets.[1][2] Trends like rising interest in hybrid data centers, real estate finance, and digital infrastructure will shape its path, bolstered by CoStar's resources amid CRE's tech-driven recovery.[2] Its influence may evolve from auction leader to full-stack proptech powerhouse, further consolidating online transactions and setting efficiency benchmarks for the industry—reinforcing its role as the go-to platform that first proved CRE could thrive digitally.[1][2]
Ten-X has raised $50.0M in total across 1 funding round.
Ten-X's investors include CapitalG, Decibel Partners, Offline Ventures, Sequoia Capital, Social Capital, Mike Abbott, Nils Johnson, Steve Chen.
Key people at Ten-X.
Ten-X has raised $50.0M across 1 funding round. Most recently, it raised $50.0M Venture Round in March 2014.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2014 | $50.0M Venture Round | CapitalG, Decibel Partners, Offline Ventures, Sequoia Capital, Social Capital, Mike Abbott, Nils Johnson, Steve Chen |
