- Markerr announced it raised $6.6 million.
Markerr – an analytics platform that is powering critical decision-making for institutional owners and operators of real estate – announced that it closed a $6.6 million Series B. And the funding round was led by RET Ventures and includes a strategic investment from Pretium, which is a specialized investment firm with more than $50 billion in assets under management.
Markerr continued its rapid growth last year with annualized recurring revenue (ARR) growing 95% year over year and net retention surpassing 140%. And the client and revenue growth continues to benefit from an expanding product portfolio through the launch of several new products last year, including:
— RealRent, which is an advanced rent forecast tool that utilizes machine learning and vast data networks to deliver transparent and accurate rent estimates
— RealRank, which is an industry-leading application that enables acquisition and asset management teams to quickly access Markerr’s vast array of economic, market, and property-level data offerings
— Population Nowcast, which is a real-time nowcast of population and migration trends across the US, providing ZIP Code level insights into one of the key drivers of real estate demand
— The new demand and supply indicators covering Crime and New Construction
— Expanded Property data with detailed Listings data
Markerr’s accurate analytics are derived from a highly differentiated data network, which provided clients with a competitive edge while accelerating critical business decision-making. And Markerr analytics and derived insights allow clients to operate with greater confidence and speed.
Plus the platform utilizes cutting-edge data aggregation and machine learning technology to ingest massive datasets at scale and subsequently cleanse, transform, and connect them using MarkerrID, a unique identifier for connecting disparate datasets at the asset level.
KEY QUOTES:
“We are a long-tenured Markerr client, and the team’s scalable and flexible data and analytics platform supports our ability to make well-informed investment decisions swiftly and with a high degree of confidence. We are pleased to partner with Brian and the Markerr team and believe that our investment and our single-family rental expertise will help advance Markerr’s existing offerings while also enabling growth in their business with institutional real estate investors.”
— Lauren Cipicchio, Senior Managing Director and Head of Central Quantitative Strategies at Pretium
“When we first invested in Markerr two years ago, we recognized its potential to deliver unique data intelligence to real estate investors, and in the ensuing two years, the company’s product suite and client base have grown dramatically. In today’s tumultuous market, real estate professionals are looking for any possible competitive advantage, and it is telling that many of our strategic investors — some of the country’s largest multifamily and SFR owners — have adopted Markerr to improve their investment decisions. Markerr is ideally positioned for continued growth, and we’re excited to work alongside Brian, Pretium, and Markerr’s stakeholders to help scale the company.”
— Christopher Yip, partner at RET Ventures
“The real estate industry is experiencing tremendous change, and first-movers like Pretium will have a significant competitive advantage by leveraging Markerr’s differentiated data and technology. This investment serves as another validation of our vision for the future of the industry, and our success is entirely attributable to the efforts of our talented team. I am excited to continue partnering with RET Ventures, Pretium, and our other investors in pursuit of Markerr’s mission.”
— Brian Lichtenberger, CEO and Founder of Markerr
