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Bowery Valuation Completes $35M Series B Round
Bowery Valuation, a Lower Manhattan-based, technology-enabled commercial real estate appraisal firm, has completed $35 million in Series B funding led by the Growth Equity business within Goldman Sachs Asset Management.
Capital One Ventures and existing investors including Builders VC, Fika Ventures, Navitas Capital, Camber Creek, Nine Four Ventures, Greenspring Associates, and Alpaca VC also participated. The investment brings Bowery’s total funding to $66 million following the $20 million in Series A venture funding it received in 2019.
“The positive response we’ve received about our service and reports produced on our proprietary appraisal platform from banks and other lenders, commercial real estate owners, and investment funds has been overwhelming,” said co-CEO John Meadows. “The funding we are announcing today will enable Bowery to meet the increasing demand for fast, accurate, quality appraisals as the commercial real estate industry emerges from the COVID pandemic.”
- ◦Financing