Cherre, a proptech company focused on real estate data management, has raised $30 million in a Series C funding round. HighSage Ventures led the round, alongside investors such as Nuveen Real Estate, RXR Arden Digital Ventures, and principals from TA Realty. Existing investors Trustbridge Partners, Glilot Capital Partners, Intel Capital, and Carthona Capital also participated.
The funding will primarily support the expansion of Cherre’s sales and marketing teams, according to CEO and co-founder L.D. Salmanson. The company, which currently has around 100 employees, plans to hire 20 more. “We want to invest in sales,” Salmanson said, noting that the company’s sales team is currently quite small compared to client demand.
Cherre has heavily invested in its product development, particularly its core offerings, the data submission portal (DSP) and data connectors. These tools allow users to integrate data into a centralized warehouse, streamlining the process of making it accessible across various systems. Salmanson emphasized that Cherre’s focus remains on delivering accurate and reliable data quickly to real estate organizations, with attention to minimizing risk and errors.
Founded in 2016, Cherre aims to enhance real estate data by improving accessibility and quality for its clients. Salmanson highlighted that the company’s focus on data accuracy is vital, as clients expect reliable information for decision-making. “If we can provide greater visibility into the quality of data flowing through the pipelines, it adds significant value to the final output,” he said.
The CEO also commented on Cherre’s influence in shifting the market’s approach to data. The company has contributed to making in-house data cleaning and integration more common across real estate firms. “We’ve helped the market embrace the idea of centralized data management,” Salmanson noted. “Many vendors now offer data feeds instead of applications, simplifying data extraction.”
The Series C funding comes after Cherre announced an expanded partnership with Nuveen Real Estate, a global investment manager with $147 billion in assets under management. According to Nicholas Appelo, an investor at HighSage Ventures, this latest round will enable Cherre to strengthen its position as a key player in providing real estate data intelligence. “Cherre is well-positioned to support real estate investors, lenders, and service providers by improving data-driven decision-making processes,” Appelo said.
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.
By Proptechbuzz
By Ravi Kumar