Credifi RE Data Startup Closes Down
CrediFi, a venture-backed startup that jostled for supremacy in the commercial real estate data and analytics space, is shutting down, The Real Deal has learned. Employees at the startup, which has raised $29 million to date, were informed of the company's decision to close on Tuesday, according to sources.
Commercial real estate data provider CrediFi reportedly shutting down
CrediFi, a commercial real estate data and analytics provider that had raised nearly $30 million in funding over the last five years, is reportedly shutting down, according to The Real Deal. The Real Deal reported this week that CrediFi, which was founded in 2014 and raised $6 million earlier this year, informed its employees that it plans to close down soon.
Commercial loan data provider CrediFi shutting down
Nearly $30 million in funding from investors wasn't enough to save startup CrediFi, a provider of data and analytics for the commercial real estate space. The startup, based in Tel Aviv and New York, has announced that it is shutting down operations. The company was founded in 2014 by former Thomson Reuters executive Ely Razin.