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CompStak Raises $50M in Series C Round
CompStak has raised $50 million in Series C funding. Investment funds managed by Morgan Stanley Expansion Capital led the investment round with participation from Mitsui Fudosan’s CVC Fund and Crow Holdings, and several existing investors, including Canaan Partners & IA Capital. The investment brings CompStak’s total funding since its launch in 2012 to $78 million.
The Series C funding will be used to accelerate the expansion of CompStak’s lease and sale comp data into new asset classes and will bring growth in data sets, products, and markets.
“We’re incredibly excited to partner with Pete Chung and the Morgan Stanley Expansion Capital team,” said CompStak CEO Michael Mandel. “The Morgan Stanley team’s ability to thoughtfully analyze markets and guide strategy conversations has already been evident in our short time working together, and Pete and his team truly understand what it takes to build and scale high-performance organizations.”
- ◦Financing