Leading property data firm Real Capital Analytics has raised $115 mln (€102 mln) to strengthen its comprehensive coverage of the commercial real estate industry.
The deal with Susquehanna Growth Equity (SGE) represents the biggest ever growth funding for a commercial real estate technology and information business, RCA said.
‘This investment marks a new stage in our evolution and positions RCA for continued growth well into the future,’ said founder and CEO Bob White. ‘My team and I are confident that SGE will provide tremendous support, expertise, and financial flexibility to RCA.’
RCA specialises in transaction information, including analysis of asset prices, capital flows and investment trends. The company has also been PropertyEU’s data partner on a number of research projects including the bi-annual Top 100 Investors publication.
Bob White will continue in his current role as CEO and, along with RCA employees, maintain a controlling stake in the company.
‘RCA is the clear leader in commercial property transaction information,’ said Scott Feldman, managing director of SGE. ‘We’ve gotten to know Bob White and the RCA team over the last decade and could not be more excited to support RCA as it continues to transform the commercial real estate industry.’
