Prophia builds AI technology for lease abstraction and commercial real estate (CRE) data management, bringing lease and tenant information together to deliver real-time data and portfolio insights. The system tethers data directly from source documents and presents it in digestible formats for building owners and investors. Prophia integrates into corporate ecosystems with direct integrations with Yardi and MRI. Its platform is intended to help landlords mitigate risk, reveal business opportunities, and elevate decision-making at both the asset and portfolio level. The company plans to use its new funding to expand its suite of patented technologies and capabilities. Prophia is led by CEO Cameron Steele and is based in San Francisco, CA; it recently completed a Series A financing of $10.2M. Leaseable is a Chicago-based, cloud-native data management platform that helps commercial real estate (CRE) owners manage portfolio risk and reveal business opportunities. Led by CEO Cameron Steele, the company mines lease data to provide building owners with real-time, actionable insights. It extracts BI-ready data directly from source systems and presents information in digestible formats to support decision-making across individual assets, markets and entire portfolios. Leaseable emphasizes machine intelligence to surface risks and opportunities for building owners and investors. The company raised a $3.5M seed round to continue developing its machine intelligence platform, expand its data management services, and grow commercial operations. leaseABLE is building an online platform to bring the fragmented commercial leasing process online, enabling landlords and tenants to agree on key terms and work with legal staff to reach signed leases. The company says its tools can cut the time to a completed deal in half and save money for both sides. The $1.5M raised will be used to design and build its first products targeted at landlords. Executives are based in Seattle and San Francisco; the company has five employees today and plans to grow to 10 by summer. Three of four founders, including CEO Cameron Steele, previously worked at hotel-marketing site buuteeq, which was acquired by Priceline in 2014; Steele also worked at Booking.com and OpenTable. LeaseABLE is not trying to displace brokers or become a discovery marketplace like Zillow, but may compile leasing data for comps and even envisions a future blockchain-based public leasing-data application.

Total raised

$15M

Funding rounds

3

Latest round

Series A

Latest activity

Dec 2022