Lev, New York$170M raised by a company based in the United States to provide a digital platform for CRE (commercial real estate) transactions. in funding.
The round, which brings total funding to over $200m, included:
- a $70m SeriesParker89 and Parker89 lead the B round Cross River Digital VenturesParticipation from NFX CanaanJLL Spark, Animo Ventures, Capital One Ventures, Citi VenturesAnd CitiStepStone, SPRINT GroupAnd Blitzscaling Ventures.
- A $100m inDebt financing starting Cross River’s Strategic Direct Lending Group.
TheThe company plans to use the funds in order to improve its product offerings, hire talent across all departments and double down research and development for its market and end-to-end lending experiences.
LedBy CEO Yaakov Zar, LevA digital platform for commercial real estate financing that provides access to capital from financial institutions. ItsTechnology allows loan applicants to instantly access customized financing based on their specific needs from top financial institutions.
The company closed $1 billion inCRE mortgages in 2021.