Participated · Seed · Oct 2018

Cherre provides a data management and intelligence platform for the real estate industry, giving clients control over moving and managing their data while offering visibility, observability, and validation tools. The platform increases transparency into data pipelines, transforms data for interoperability, enables observability and validation across the data value chain, and supports remediation to improve downstream data quality. Cherre’s product is used for analysis, reporting, modeling, app development, and decision-making, and it partners with large data providers, applications, and service providers to create an ecosystem that supports client data needs. The company plans to invest the new capital to expand its data intelligence and insight capabilities and accelerate development of cutting-edge data management and intelligence tools. After a year of double-digit revenue growth, Cherre says the funding will allow it to scale, improve process intelligence, and help clients build a composable target operating model for competitive advantage. Cherre provides a real estate data and insight platform that aggregates property and market information for enterprise decision makers. Led by CEO and co-founder L.D. Salmanson, the company serves customers across technology, asset management, commercial brokerage and P&C insurance. In 2020 Cherre signed global enterprise customers across those sectors. The company plans to use recent funding to expand platform offerings, introduce and integrate additional partner data sets and applications, launch a customer advisory board, and grow the team. The articles note a $50M growth funding raise, reflecting an active growth-stage capital position. No revenue or user metrics were disclosed in the coverage. Cherre provides an AI-enabled real estate data and analytics SaaS platform that collects, augments, resolves, and analyzes datasets from hundreds of thousands of public, private, and internal sources. Its knowledge graph contains granular, actionable information on over 177 million properties, 84 million companies, 315K datasets and billions of connected data points. The platform supports high-performance, low-latency API delivery as well as a transactional database to meet demanding enterprise use cases. Customers include large enterprises, insurance companies, banks, and investors; common applications cited are automated P&C insurance underwriting, desk inspections, lending pre-fill, and AI decision-support for investment and underwriting. Cherre launched in 2016 and commercially launched in August 2018; it has raised $25 million in total capital to date following the latest growth round. Intel Capital said the platform is a foundational data system of record and that it will help accelerate Cherre’s global growth trajectory; the company has also established a growth-debt relationship with Silicon Valley Bank to support expansion. Cherre provides large enterprises, insurance companies, banks and investors with a platform to collect, augment and resolve property data in real time from thousands of public, private and internal sources. The platform supplies up-to-date information such as property history, demographics and market comparisons to support advanced analytics and decision-making. Cherre was founded in 2016 and is led by CEO L.D. Salmanson, and is based in New York City. The company raised $9M in a seed funding round led by Navitas Capital, with participation from Carthona Capital, iLOOKABOUT, Dreamit Ventures and Red Swan Ventures. Cherre intends to use the funds to bring its streamlined real estate data services to more clients and to expand operations throughout the U.S. and Canada. Clients include The Real Estate Board of NY (REBNY), Keller Williams NYC, Stratus Data Systems, August Partners, Platinum Properties and various other Fortune 500 companies.