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PropTech Firm Reonomy Raises $30M In Series C Round Of Investment

Reonomy has received its biggest capital infusion yet as it grows its influence in commercial real estate.

Reonomy CEO Richard Sarkis

The PropTech firm announced Thursday it closed a Series C funding round after raising $30M led by Sapphire VenturesPrevious investors Bain Capital and SoftBank also participated in the funding round, which brought Reonomy up to $68.4M in total funding.

The announcement came about six weeks after Reonomy announced partnerships with major real estate companies like Avison Young and Cushman & Wakefield, as well as coworking industry leader WeWork. WeWork is also funded in large part by SoftBank, and the Japan-based fund is in talks to give the coworking giant another capital infusion that could push its value up to $40B.

Founded by CEO Richard Sarkis, Reonomy expanded nationwide last year. It has since built a database of 50 million commercial properties, 80 million companies, 150 million unique ownership contacts, 8 million mortgages and 20 million property sales, according to the company's press release.