Company Profile: Revere
Overview
Revere is a premier private professional network and deal platform tailored for the commercial real estate (CRE) industry. Serving various stakeholders such as owners, operators, developers, lenders, brokers, and investors, Revere enhances efficiency in the CRE transaction process through comprehensive deal-sourcing, marketing, and execution.
Key Features and Services
Revere provides a multifunctional platform that facilitates the entire capital markets workflow. Key features include:
- Deal Sourcing: AI-powered tools for streamlined investment strategy and analysis.
- Real-time Deal Tracking: Comprehensive insights for efficient deal management.
- Automated Marketing: Tools to enhance reach and effectiveness in marketing initiatives.
- Master Data Management: Centralized marketplace for transactions like acquisitions, developments, recapitalizations, and more.
Target Market and User Base
Revere serves a vast demographic within the CRE industry, including some of the largest global owners, developers, lenders, and brokerages. The user base consists of over 60,000 industry professionals, reaching more than 2 million investors, with an average deal size of $20 million and over $100 billion in transaction volume.
Leadership and Team
- Fred Krom: CEO and Founder, leading strategic direction.
- Pranav Sathyanarayanan: Co-Founder and CTO, overseeing technology initiatives.
- Ryan Delaney: Co-Founder and Head of Engineering, focusing on infrastructural development.
- Emily L. Wood: Vice President, directing capital markets and client engagement.
- Ellen Swartwout: Staff Software Engineer, contributing to technological advancements.
- Adam Resnick: Senior Data Scientist, specializing in data-driven solutions.
Company Milestones
Founded in July 2020, Revere has quickly established itself in the industry:
- February 2022: Raised $5 million in Series A funding, led by RET Ventures.
- Recently acquired by LightBox, a leader in CRE data and technology.
Security and Compliance
Revere upholds AICPA SOC-2 standards, employing bank-level encryption to ensure stringent data privacy and security.
Financial and Market Position
- Estimated Revenue: $478,400 annually
- Employee Count: 13
- Headquarters: New York City, NY
- Growth Rate: Employee count has grown by 8% recently.
Revere's robust financial health is augmented by investments from prominent players within CRE, aligning it with industry titans and positioning it at the forefront of technological innovation in capital markets.
Competitor Profile
Top Competitors
1. Daloopa
- Revenue: $32.3M
- Employee Count: 188
- Growth Rate: 5%
- Specialty: AI for data automation and extraction.
2. Pontera
- Revenue: $39M
- Employee Count: 227
- Growth Rate: 41%
- Specialty: Retirement savings account management.
3. Siro
- Revenue: $4.6M
- Employee Count: 36
- Growth Rate: 177%
- Specialty: AI-powered sales coaching.
4. Thread
- Provides a platform for clinical research and life sciences with AI-driven insights.
5. Verse Gaming
- Social fantasy sports platform for creating peer-to-peer betting scenarios.
Market Position
Revere leverages its partnerships with significant real estate stakeholders, enhancing its market position through network effects. Backed by investors like RET Ventures and Related Companies, Revere demonstrates strong stability and growth potential.
Industry Trends
The real estate sector is undergoing digital transformation, with platforms like Revere becoming crucial for deal-making and market analysis. Revere’s integration of various real estate services into a single, user-friendly platform aligns perfectly with industry demands for efficiency and automation.
