Valcre, a San Diego, CA-based provider of a commercial real estate industry’s appraisal platform, raised $12.7M in Series A funding.
The round was led by Avenue Growth Partners with participation from Second Century Ventures.
The company intends to use the funds to support rapid growth and product innovation while deepening its commitment to streamlining appraisal workflows throughout the U.S., Canada and Australia.
Led by CEO Lucas Rotter, Valcre provides appraisal software for the commercial real estate industry. The platform offers an end-to-end solution for appraisal workflow, including job and client management, property research, inspections, analysis, and report writing. Its customers save time while delivering higher quality appraisals. With integrations into data providers, customized report templates and a cloud-based collaboration suite, the system aims to accelerate the appraisal process, giving firms of all sizes a meaningful competitive advantage.
In the past 12 months, Valcre’s products have been used to facilitate more than 50,000 commercial real estate appraisals for clients including Avison Young, Kidder Mathews, Kroll, Apprise by Walker & Dunlop, RSM, CohnReznick, and several hundred others.