Closing Our $10 Million Series A
8 short months ago we set out to innovate CRE.
Kenny Tomlin, Co-Founder & Executive Chairman with Chris Skyles, Co-Founder & Chief Growth Officer
Austin, Texas - 10 May 2021
It’s hard to believe that the Commercial Real Estate (CRE) industry has operated essentially the same way for the past 15 years considering how much technology has advanced and significantly improved most industries. Yet even the most technically savvy brokers still run their business through a combination of PDF’s, Excel spreadsheets, text messages and email. If you’ve searched for commercial space anytime in the past 15 years you’ll know exactly what we are referring to.
In February we quietly launched AnthemIQ (AIQ). Our goal: apply technology innovation to the CRE transaction. We believed strongly that the CRE workflow should provide speed, convenience, transparency and personalization for all stakeholders, the very same four pillars found in amazingly successful platforms like Amazon, Uber, and Airbnb.
As our users (tenants, tenant reps, listing agents and landlords) began using AIQ to search, communicate, negotiate, and sign leases, word-of-mouth spread quickly. Before we knew it we had over a thousand users on AIQ, throughout the United States and even Canada.
Soon thereafter, our mutual networks connected us with Jeff Staubach. We gave Jeff a quick demo and he immediately wanted to join us as an investor and advisor. His father, Roger Staubach, is regarded by many as the godfather of the tenant rep brokerage industry. Jeff himself has had a long and successful professional career as a broker and leader at the Staubach Company and JLL. After a dinner in Dallas, it was clear we had a shared ethos and vision for AIQ and its importance for the industry, we wrapped up the terms of Staubach Capital’s investment and Jeff’s personal involvement on our board and as an active advisor.
Today we are proudly announcing the close of our $10 Million Series A. In addition to Staubach Capital, this round was raised from a number of successful technology entrepreneurs and CRE industry professionals. A number of investors were customers who experienced first-hand the difference using AIQ made compared to the traditional model of emails and PDF’s. This funding will be used to keep up with our rapid growth and expand our product offerings. While today our team is 40 strong, we plan to be near 100 by year’s end. All focused on one goal, bringing technology innovation to the CRE industry.
