Deal-X, a firm specialising in collecting commercial property transaction data by crowdsourcing information from industry participants, has launched in Europe.

Deal-X, a firm specialising in collecting commercial property transaction data by crowdsourcing information from industry participants, has launched in Europe.

Deal-X allows those with knowledge of commercial real estate leasing, investment and financial transactions to exchange that information for details of other deal activity. The service enables users to keep their details private so that information can be submitted anonymously.

In addition to crowdsourcing data, Deal-X will supplement its database with publically available data sources in Europe.

The Deal-X team is being led by Joseph Kelly, a former Real Capital Analytics executive who has brought together a team of international researchers and technology professionals in developing the service.

The firm completed an initial fund-raising round in October 2014, with a number of senior commercial real estate and financial industry players participating.

'The use of collective intelligence and crowd-based data in financial services is starting to accelerate, and we believe the commercial real estate industry should be at the forefront of this fintech development. We are here to help market participants value their existing knowledge base and gain access to improved market data in Europe,' commented Joseph Kelly, Deal-X’s co-founder & research director.