Reonomy's $60 million financing tops recent funding news in New York

Photo: Unsplash
By Hoodline - Published on November 13, 2019.

New York-based commercial real estate company Reonomy has secured $60 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Nov. 7 and led by Georgian Partners.

According to its Crunchbase profile, "Reonomy leverages big data, partnerships and machine learning to connect the fragmented world of commercial real estate."

The six-year-old company has raised seven previous funding rounds, including a $30 million Series C round in 2018.

The round brings total funding raised by New York companies in data and analytics over the past month to $268 million, an increase of $184 million from the month before. The local data and analytics industry has seen 228 funding rounds over the past year, capturing a total of $4.5 billion in venture funding.

In other local funding news, enterprise resource planning and management consulting company CitiXsys announced a $60 million Series C funding round on Nov. 7, financed by Merchant Banking Division.

According to Crunchbase, "CitiXsys is a leader in retail management software that is recognized worldwide for its rich functionality, multinational capabilities and unparalleled flexibility. The flagship solution suite, iVend Retail, helps retailers to optimize business operations to gain more time to focus on what really matters — cultivating customer engagement and capitalizing on retail trends."

Founded in 2002, the company has raised two previous rounds, including a $25 million Series A round in 2018.

Meanwhile, clinical trials company AiCure raised $24 million in Series C funding, announced on Nov. 7. The round's investors were led by Palisades Growth Capital.

From the company's Crunchbase profile: "AiCure is an advanced data analytics company that uses artificial intelligence to understand how patients respond to treatments. It enables intelligent decision-making and improving health outcomes. It has developed patented facial-recognition and motion-sensing technology to confirm medication ingestion in real time."

AiCure last raised $15 million in Series B funding in 2017.

Also of note, residential company Whose Your Landlord raised $500,000 in grant funding, announced on Nov. 7 and financed by 43North.

From Crunchbase: "WYL is a multipurpose platform that empowers and informs the rental community. We use the information provided by our renters to extend feedback to landlords, improve the tenants' experience and reduce turnover."

The company previously raised $150,000 in seed funding in 2018.

Rounding out the city's recent top local funding events, collaborative consumption company Rally also raised $500,000 in grant funding from 43North, announced on Nov. 7.

From Crunchbase: "Rally is bus rideshare. We create on-demand bus trips with a managed marketplace, providing value for riders, fleet operators and event stakeholders."

The company previously raised seed funding earlier this year.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.

Jun 30, 2020
New York

Top NYC news: Broadway dark through 2020; indoor dining may be delayed; more

Here's the most recent top news in New York City; see what headlines are trending among local readers, with links to full articles. Read More

Jun 30, 2020
New York

The 3 best spots to score seafood in New York

Check to see if your favorite business made the list. Read More

Jun 30, 2020
New York

New paint and sip spot Paint and Sip Live now open in Midtown

Here's what to know about the new arrival, including menu items, reviews and more. Read More

Jun 30, 2020
New York

Weather today in Newark

What's the weather today? What's the weather for the week? Here's your forecast. Read More