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New York & Tri-State  + Outer  + Finance  |  February 13, 2022
Northspyre, led by CEO William Sankey, raised $25 million in a Series B funding round
Paul Bubny
By: Paul Bubny

Project Delivery Platform Northspyre Raises $25M in Series B 

Northspyre, a financial tracking and project delivery automation platform for real estate developers, has secured $25 million in Series B funding to further grow its business and expand its solution to improve the development process within the multitrillion dollar commercial real estate industry. 

This round is led by CRV, with participation from Craft Ventures, Tamarisc Ventures and Des Traynor, co-founder of Intercom. The funds will be used to bring Brooklyn-based Northspyre to additional customers across the U.S. and select international markets, launch new products and continue to refine and improve the core solution. 

“Our team is deeply committed to transforming the traditional real estate development and project delivery process, which is reliant on error-prone, convoluted spreadsheets that offer a limited line of sight into the real-time status of project budgets and critical risks,” said William Sankey, co-founder and CEO of Northspyre.  

Pictured: William Sankey.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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