Valcre, a San Diego, CA-based commercial real estate industry’s premier appraisal platform, announced that it raised $12.7 million in Series A funding.
The round was led by Avenue Growth Partners, with participation from Second Century Ventures.
The investment will support rapid team growth and product innovation while deepening Valcre’s commitment to streamlining appraisal workflows throughout the U.S., Canada, and Australia.
“Valcre has been a disruptor in the appraisal industry for over half a decade, but the explosion of interest in our offering these past two years have proven that the need is greater than ever for appraisal workflow software,” said Valcre Co-founder and CEO Lucas Rotter. “We are pleased to partner with Avenue Growth Partners and Second Century Ventures to help grow our business, and remain hyper-focused on addressing the pain points of the commercial real estate valuation community. Bootstrapped since inception, we patiently identified the right partners who understood our business and could help us thrive.”
Valcre's products have been utilized in over 50,000 commercial real estate appraisals over the past year.
Company: Valcre Inc.
Round: Series A
Funding Month: November 2022
Lead Investors: Avenue Growth Partners
Additional Investors: Second Century Ventures
Company Website: https://www.valcre.com/
Software Category: Commercial Real Estate Appraisal Software
About the Company: Founded in 2016 by technologists and valuation professionals, Valcre is a commercial real estate end-to-end appraisal software solution that empowers users with a more organized, efficient, and intelligent path to produce and present their work. The platform provides an end-to-end solution for appraisal workflow, including job and client management, property research, inspections, analysis, and report writing. Valcre is a SaaS platform that supports all stages of the appraisal workflow and integrates seamlessly. With integrations into industry-leading data providers, customized report templates, and a cloud-based collaboration suite, Valcre accelerates the appraisal process, giving firms of all sizes a durable and meaningful competitive advantage. Valcre has amassed a client base that includes Avison Young, Kidder Mathews, Kroll, Apprise by Walker & Dunlop, RSM, and CohnReznick.