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§ Private Profile · New York City, NY, USA
Real estate data management and analytics platform unifying disparate data sources for commercial real estate investment and asset management.
Cherre has raised $105.0M across 4 funding rounds.
Key people at Cherre.
Cherre has raised $105.0M in total across 4 funding rounds.
Based in New York, Cherre is a leading commercial real estate data management and analytics platform that unifies disparate public, proprietary, and customer datasets into a single trusted foundation. The subscription-based enterprise software company utilizes a universal data model, semantic data layer, and knowledge graph to power artificial intelligence insights through a single application programming interface. This technology enables investment firms, asset managers, private equity groups, appraisers, and property developers to make data-driven decisions regarding leasing, acquisitions, financing, and portfolio optimization. Operating with a workforce of eighty-six employees, the software platform currently manages and processes information for enterprise clients representing three point three trillion dollars in global assets under management. The innovative organization was officially established in 2016 by co-founders Ben Hizak and LD Salmanson to modernize workflows across the commercial real estate sector.
Cherre has raised $105.0M across 4 funding rounds. Most recently, it raised $30.0M Series C in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2024 | $30M Series C | HighSage Ventures | Dreamit Ventures, Fresh.fund, Glilot Capital Partners, Intel Capital, Kreos Capital, NFX, Pitango Venture Capital, Recursive Ventures, Viola Ventures, Karen Griffith Gryga | Announced |
| Apr 1, 2021 | $50M Series B | Yoon Chang | Fresh.fund, Glilot Capital Partners, Kreos Capital, NFX, Pitango Venture Capital, Viola Ventures | Announced |
| Feb 1, 2020 | $16M Series A | Intel Capital | Dreamit Ventures, Glilot Capital Partners, Rainfall Ventures, Recursive Ventures, Alex Pattis, Karen Griffith Gryga | Announced |
| Sep 1, 2018 | $9M Seed | Navitas Capital | Dreamit Ventures, Foundation Capital, Glilot Capital Partners, Intel Capital, Rainfall Ventures, Recursive Ventures, Alex Pattis, Oleg Rogynskyy | Announced |
# High-Level Overview
Cherre is a real estate data management and intelligence platform that unifies fragmented data sources into a single, trusted foundation for investment and asset management decisions[2]. The company powers the management of $3.3 trillion in assets under management globally through its proprietary Universal Data Model, Semantic Data Layer, and Knowledge Graph[2].
Cherre serves asset managers, investment managers, and property managers across the commercial real estate sector[1]. The platform solves a critical industry problem: real estate professionals historically spent millions of dollars manually collecting, standardizing, and analyzing disparate data from hundreds of sources. By automating data ingestion, standardization, and validation, Cherre enables organizations to make faster, smarter investment and underwriting decisions while reducing operational costs[3][5].
The company demonstrates strong growth momentum, having raised $105 million across five funding rounds, including a recent $30 million Series C led by HighSage Ventures[6]. With approximately 1,900 employees and a revenue of $23.7 million, Cherre has established itself as the leading platform in its category[3][6].
# Origin Story
Cherre was founded in 2016 by Ben Hizak and L.D. Salmanson, childhood friends who became business partners in junior high[5]. Their complementary backgrounds informed the company's mission: Ben previously co-founded Sirenum, a UK-based software company, while L.D. co-founded Greencrest Capital, a real estate investment firm[5].
L.D.'s experience at Greencrest Capital proved pivotal. While managing investments, he recognized that real estate decision-making was hampered by fragmented data across dozens of disconnected systems and vendors[5]. This insight—that data-driven investing could transform the industry—led him to programmatically connect disparate datasets and uncover hidden insights. After selling Greencrest Capital to Oppenheimer and serving as Executive Director of their Private Shares Group, L.D. partnered with Ben to launch Cherre with an ambitious vision: to transform real estate investing and underwriting into a science by connecting all real estate data[5].
# Core Differentiators
# Role in the Broader Tech Landscape
Cherre operates at the intersection of two powerful trends: the digitization of real estate and the AI-driven transformation of enterprise data management. The commercial real estate industry, which manages trillions in assets, has historically lagged in data standardization compared to other sectors. This fragmentation creates inefficiency and risk—exactly the problem Cherre addresses.
The timing is particularly favorable. Regulatory pressures are increasing demands for data transparency and governance in real estate[4]. Simultaneously, advances in AI and machine learning have made automated data standardization and predictive analytics feasible at scale. Cherre's agentic AI systems represent a new frontier in how enterprises can manage complex, heterogeneous data environments[4].
Beyond its direct market impact, Cherre influences the broader real estate tech ecosystem by establishing data as a competitive moat. By creating a unified data foundation, the platform enables downstream applications—from valuation models to portfolio analytics—to operate with greater accuracy and speed[6]. This positions Cherre as critical infrastructure for the real estate investment industry.
# Quick Take & Future Outlook
Cherre is well-positioned to capture significant value as the real estate industry continues its digital transformation. The company's $3.3 trillion AUM under management and recent $30 million Series C funding signal strong institutional confidence[2][6]. Key trends that will shape its trajectory include:
The company's challenge will be maintaining its data network effects while competing against both specialized point solutions and broader enterprise data platforms. However, its deep domain expertise in real estate and first-mover advantage in unified data management suggest Cherre will remain central to how the industry makes decisions for years to come.
Cherre has raised $105.0M in total across 4 funding rounds.
Cherre's investors include HighSage Ventures, DreamIt Ventures, fresh.fund, Glilot Capital Partners, Intel Capital, Kreos Capital, NFX, Pitango Venture Capital, Recursive Ventures, Viola Ventures, Karen Griffith Gryga, Yoon Chang.
Key people at Cherre.