AnthemIQ announced Monday that it has closed a $10 million venture capital round.
The Austin-based real estate transaction platform reported the Series A round was led by Staubach Capital with participation from other investors. The company plans to use the funds raised on rapid growth and expansion, according to Kenny Tomlin, its Co-Founder and Executive Chairman.
AnthemIQ, launched in February, has created a digital platform to manage commercial real estate transactions from search to a signed lease. It has attracted more than 1,000 users since its launch.
“Clients use digital platforms to run their own companies, book travel, interact with their banks and buy residential homes,” Tomlin said in a news release. “They expect commercial brokerages to provide similar solutions with speed, convenience and transparency to finding and securing their commercial space. Brokers recognize this and finally have an end-to-end solution in AnthemIQ.”
AnthemIQ’s new platform reduces client site visits by 75 percent, according to the company. It also allows a broker to win more business by increasing transaction volume. The marketplace also contains active searches and allows for greater collaboration between the tenant rep and leasing agents to identify and present options to the client.
“I spent nearly twenty years as a tenant rep broker with clients from small family offices to dozens of fortune 500 companies,” Jeff Staubach said. “I’ve never seen a product that is able to transform the way business is done both for the broker as well as a corporate real estate team. Staubach Capital is excited to lead this investment round and strategically participate in the company’s continued growth.”
“We are excited to be partnering with Staubach Capital to take AnthemIQ to commercial real estate professionals across the globe,” Chris Skyles, co-Founder and Chief Growth Officer of AnthemIQ said in a news release. Everyone connected to this business, including our amazing investors, believes that AnthemIQ will play a pivotal role in the digital transformation of the CRE Industry.”
