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RE Tech Firm Truss Completes $15M Funding Round
Commercial space platform Truss has completed a $15-million Series A-2 funding round. The round was led by General Catalyst, which has invested in Airbnb, ClassPass and Deliveroo, and supporting investors including Navitas Capital, Hyde Park Angels and Hyde Park Venture Partners.
“The increased resources will allow us to expand into more markets and grow our team, in turn yielding more available spaces in more places to our customers,” said Tom Smith, co-founder of Chicago-based Truss.
General Catalyst’s Adam Valkin said the Truss marketplace, with over 30,000 spaces ranging from office to retail, “offers small business owners greater speed, simplicity, and transparency in their search for new real estate. On the other side, Truss provides higher volumes and more qualified leads to brokers and owners.”
Truss’ momentum in its first nine markets, driven partly by its AI-driven chatbot interface, “suggests that real value is being unlocked for all parties,” he added.
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