Leading real estate data management and intelligence platform Cherre announced it had raised a $30 million Series C round led by HighSage Ventures. And additional participants in this round include leading real estate enterprise investors Nuveen Real Estate, RXR (RADV), certain principals of TA Realty, and others, as well as current investors Trustbridge Partners, Glilot Capital Partners, Intel Capital, and Carthona Capital.
This funding round enables Cherre to invest in expanding its data intelligence and insight capabilities and offers clients with the tools to take control of their data, improve data quality, gain process intelligence, and empower them to build a composable target operating model for future competitive advantage.
Following a year of double-digit revenue growth, this infusion of capital positions Cherre to scale exponentially. Cherre is committed to driving innovation and will invest in accelerating the development of sophisticated data management and intelligence tools, ensuring that it continues to meet and exceed the needs of its clients today, tomorrow, and beyond.
Cherre’s data management and intelligence platform addresses the real estate industry’s urgent need for a solution that increases transparency in data pipelines, transforms data for maximum interoperability, enables observability and validation throughout the entire data value chain, and provides the ability to quickly remediate errors, improving the quality and accuracy of data used downstream for decision making. Cherre clients can build a foundation of trusted data for analysis, reporting, modeling, app development, and decision-making with confidence.
Through a strong financial foundation, a mature organizational structure, and a relentless focus on innovation, Cherre is well-positioned to continue its upward trajectory and make significant strides in the market.
KEY QUOTES:
“Cherre is well on its way to becoming the foundational data platform for the real estate industry. HighSage is thrilled to back L.D., an exceptional visionary leader, and his world-class team. This round positions Cherre to capitalize on the vast opportunity to provide real estate investors, lenders, and service providers with data intelligence capabilities that improve underwriting processes and streamline operations.”
-Nicholas Appelo of HighSage Ventures
“We help real estate organizations leverage data to flexibly grow and scale in ways they wouldn’t otherwise be able to do today. This round gives Cherre the power to further invest in maximizing the ways we provide our clients the tools needed to manage, consume, and leverage their data for trusted insights that lead to a sustainable competitive advantage.”
-L.D. Salmanson, Cherre CEO and Co-Founder
