CHICAGO, IL--Chicago-based commercial real estate marketing technology company Buildout today announced an $8 million Series A investment from Susquehanna Growth Equity.
Started with a $300,000 seed investment in 2013, Buildout has rapidly grown from three employees to more than 30. Buildout’s marketing software is used in more than 1,600 brokerages and serves over 10,000 users across all 50 states, including SVN, Lee & Associates, Keller Williams Commercial and Coldwell Banker Commercial, large independents SRS Real Estate Partners, Eastern Consolidated and Sperry Commercial, as well as organizations TCN Worldwide, CORFAC International and ChainLinks. This partnership with Susquehanna Growth Equity will allow Buildout to continue to forge partnerships in CRE and further revolutionize the industry.
“Commercial real estate is undergoing a major transformation with the integration of technology, and this is only the beginning,” said Vishu Ramanathan co-founder and CEO of Buildout. “It’s hard to say what might be next for CRE, but we spend a lot of time considering how technology will impact the way brokers and marketers do their jobs, and it’s big. This investment brings significant growth opportunities for Buildout, and we are happy to be at the forefront of CRE tech innovation with Susquehanna Growth Equity as our partner.”
Buildout was developed with direct input from commercial real estate professionals and saves brokerages thousands of hours a year. With Buildout, brokers and marketers can produce custom-branded marketing materials such as websites, brochures, emails and proposals in a fraction of the time.
“We are thrilled to partner with Vishu, Jason and the passionate team at Buildout,” says Josh Elser at Susquehanna Growth Equity, who led the investment. “They have built an impressive company with little outside funding by focusing on their customers first, a mentality that continues to fuel their success today. We believe this investment positions Buildout for continued leadership in the CRE industry.”
To learn more about Buildout, and read about how technology will revolutionize commercial real estate, visit their website: buildout.com.
Susquehanna Growth Equity, LLC (SGE) invests in growth stage technology companies in the software, information services, internet and financial technology sectors. SGE is backed by a unique and patient source of capital, which enables the firm to give management teams and entrepreneurs freedom and flexibility to maximize growth. The firm has invested in about 40 companies over the last 10 years, and has portfolio companies across the US, Canada, EU, and Israel. To learn more, please visit us at sgep.com.
Buildout is the only commercial real estate software developed for the entire brokerage. Since launching in 2010, Buildout has pioneered the leading marketing solution for CRE—now, Buildout Elite is applying that power to the rest of the brokerage with Database, Marketing Projects, and Back Office tools. Developed in direct conversation with customers, Buildout Elite allows brokerages to bring their expertise to every stage of their deals with all from within one platform.