Biproxi Raises $10M Seed To Become The “Zillow of Commercial Real Estate.”

Biproxi — a leading end-to-end commercial real estate transaction platform trusted by the largest commercial brokerages — announced it raised $10 million in seed funding led by Greycroft. Newmark Knight Frank, RPM Ventures, and the National Association of Realtors also joined the round.

This funding round was announced along with the launch of a new product called Biproxi Off Market, an algorithmic-based data platform that provides instant property and valuation data on over 32 million off-market commercial properties. The platform was designed for brokers, buyers, and tenants. And it allows users to access detailed property data, historical sales data, assessed property values, and financing history for middle-market commercial properties valued up to $25 million...

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RSK: Hmmm no mention of costs that I can see. Looks like a good platform.

Ken Notes: If it really is a free service, and it seems to be, the problem will be like the State system. Data will not be maintained and thus will become inaccurate and old. The Madison market is OK because Property Drive refreshes the state system removing sold or de-listed items but other areas in the state have properties for sale that no longer are. We should work with PD to see if they can populate Biproxi using their data. Ralph and I could also do this from the book???