PropTech Startup Reonomy Expands Platform Nationally
Property tech startup Reonomy has expanded its offerings to markets nationwide in a launch that encompasses more than 45 million commercial properties spanning 3,000 counties in the U.S., the company announced Monday.
Founded in 2013 by entrepreneur-turned-CEO Richard Sarkis, Reonomy offers a slew of industry data, from sales history and zoning info to building owner contact info and debt history. The company launched in New York City, and has since raised $18M in venture capital and doubled the size of its business, quadrupling revenues in 2016 alone, according to a company release.
“Scaling this platform from 350,000-plus properties in New York City to over 45-plus million properties nationwide has been a labor of love,” Sarkis said in a statement. “We’re thrilled to offer commercial real estate professionals a comprehensive resource with an unmatched user experience — a tool that can not only drive strategic decision-making, but accelerate the rate at which the industry conducts business.”