Commercial real estate marketing technology company Buildout announced an $8 million Series A investment from Susquehanna Growth Equity.
Started with a $300,000 seed investment in 2013, Buildout has grown from three employees to more than 30 and the companyʼs marketing software is now used in more than 1,600 brokerages across all 50 states, including SVN, Lee & Associates, Keller Williams Commercial and Coldwell Banker Commercial.
Large independents such as SRS Real Estate Partners, Eastern Consolidated and Sperry Commercial, as well as organizations TCN Worldwide, CORFAC International and ChainLinks also employ the software.
The 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.
Josh Elser at Susquehanna Growth Equity, who led the investment, said, “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.”