With Backing from Real Estate Heavyweights and VCfirms, ResiModel Reaches $3.5 Million in Funding

NEW YORK (April14,2015)–ResiModel, the leading platform for aggregating, standardizing and analyzing financial data for multifamily transactions, today announced that it has closed on its most recent round of funding. Provided by a group of investors comprising several renowned real estate executives and venture capital firms, this latest round of financing brings the total amount raised by the company to approximately $3.5 million.
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Investors in this round represent some of the biggest names in both real estate and technology, including Axiometrics, the leader in apartment market and student housing research and analysis; Kevin Quinn, former Global Co‐head of Technology Investment Banking at Goldman Sachs; Kurt Roeloffs, former Chief Investment Officer at Deutsche Bank Real Estate; and Bob White, Founder and President of Real Capital Analytics. The round also includes funding from two venture capital firms—Osage Venture Partners and Leading Edge Ventures—that were eager to get involved with Resi Model early on.
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“It’s very gratifying to see industry leaders and venture capitalists affirm ResiModel’s importance to the multi family industry,” said Elliot Vermes, CEO of Resi Model. “This financing will allow us to manage the rapid growth we have been experiencing, and take Resi Model to the next level.”
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Osage

Read the release here.