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PitchBook Bowery (Financial Software) 2023 01 21 20 26 08

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0% found this document useful (0 votes)
46 views20 pages

PitchBook Bowery (Financial Software) 2023 01 21 20 26 08

Uploaded by

Yuying Zhang
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Generated by PitchBook for Miguel Vizarreta, Mizuho Last Updated: 21-Sep-2022

Securities - North America Banking pbId: 181273-15

Bowery (Financial Software) | Private Company Profile

Highlights

Employees Last Deal Details

215 Undisclosed
As of 05-Jan-2023 Secondary Transaction - Private 01-Oct-2021

Post Valuation Total Raised to Date


$151.00M $59.85M
As of 28-Jun-2021 As of 01-Oct-2021

Valuation Step-up
1.29x
Early Stage VC (Series A1) -
Later Stage VC (Series B)

General Information

Description
Developer of a cloud-based real estate appraisal platform designed to redefine the commercial appraisal space. The company's
platform uses powerful back-end databases and natural language generators to take appraising out of dated excel sheets and offer
increased efficiency, quality, and consistency across the firm, enabling appraisers to produce consistent reports at a fast and low cost.

Most Recent Financing Status (as of 07-Jan-2022)


Greenspring Associates sold a stake in the company to an undisclosed buyer. Previously, the company raised $35 million of Series B
venture funding in a deal led by Goldman Sachs Growth Equity on June 28, 2021, putting the company's pre-money valuation at $116
million. Capital One Ventures and 7 other investors also participated in the round. The funds will be used by the company to grow its
product, design, and engineering teams and further bolster its robust appraisal technology platform as the company continues to scale
its appraisal practice nationally.

Website www.boweryvaluation.com Year Founded 2015


Entity Type Private Company Universes Debt Financed, Venture Capital
Also Known As Bowery Employees 215
Legal Name Bowery Real Estate Systems, Inc.
Business Status Generating Revenue
Ownership Status Privately Held (backing)
Financing Status Venture Capital-Backed

Industries, Verticals & Keywords

1
Primary Industry Verticals Keywords
Financial Software Mobile appraisal management
Real Estate Technology appraisal software
Other Industries SaaS commercial appraisal review
Media and Information TMT commercial appraisal space
Services (B2B)
appraisal services
Business/Productivity
appraisal firm
Software
proprietary platform

Appears in PitchBook Analyst Market


Map
2021 Vertical Snapshot - Real Estate 2021 Vertical Snapshot - Real Estate
Tech - Commercial Tech - Commercial
552 Companies 552 Companies | Ryan Vaswani

Contact Information

Primary Contact Primary Office


Noah Isaacs 61-63 Crosby Street
Co-Founder, Co-Chief Executive Officer, President & Board Floor 3
Member
New York, NY 10012
[email protected]
United States
Phone: +1 (510) 220-3797
Phone: +1 (212) 634-9397
[email protected]

Alternate Offices

Columbia Iselin
6926 Tolling Bells Court 33 Wood Avenue South
Columbia, MD 21044 Suite 600
United States Iselin, NJ 08830
Phone: +1 (212) 634-9397 United States
[email protected] Phone: +1 (212) 634-9397
[email protected]

Washington DC
1701 Rhode Island Avenue North West
Washington, DC 20036
United States
Phone: +1 (212) 634-9397
[email protected]

Top 5 Similar Companies

2
# Name Competitor Financing HQ Primary Industry Year Last Last Financing
Status Location Founded Financing Amount
Date/Type

1 Anow Corporate Red Deer, Business/Productivity 2011 2021/M&A $31.41M


Backed or Canada Software
Acquired
2 ValuTrac Software Corporation Flower Business/Productivity 2009 2020/Debt -
Mound, Software PPP
TX
3 Realwired Corporation Tampa, Business/Productivity 1996
FL Software
4 Appraisal Host Corporation Norwood, Business/Productivity 2009
MA Software
5 Sisu( Venture Kaysville, Business/Productivity 2016 2021/Later $4.00M
Business/Productivity Capital- UT Software Stage VC
Software) Backed

Comparisons

Bowery (Financial Anow ValuTrac Software Realwired


Software)

Description Developer of a cloud-based Developer of an appraisal Provider of appraisal Developer of automated


real estate appraisal management software that management software. appraisal workflow
platform designed to simplifies the way real management platform
redefine the commercial estate appraisers manage designed to mechanize the
appraisal space. their businesses. assessment process with
full control and visibility.

Primary Industry Financial Software Business/Productivity Business/Productivity Business/Productivity


Software Software Software

HQ Location New York, NY Red Deer, Canada Flower Mound, TX Tampa, FL

Employees 215 | 2023 22 | 2022 11 | 2022 14 | 2023

Total Raised $59.85M

Post Valuation $151.00M | 27-Jun-2021 $31.41M E | 07-Apr-2021 - -

Last Financing Details Undisclosed amount | $31.41M | Undisclosed amount | -


2021/Secondary 2021/Merger/Acquisition 2020/Debt - PPP
Transaction - Private

E Estimated

Current Team (5)

Name Title Board Office Phone Email


Seats

John Meadows Co-Founder, Co- 1 New York, NY +1 (510) 305-2455 [email protected]


Chief Executive
Officer & Board
Member

3
Noah Isaacs Co-Founder, Co- 1 New York, NY +1 (510) 220-3797 [email protected]
Chief Executive
Officer, President &
Board Member

James Dunne Chief Operating New York, NY +1 (212) 634-9397 [email protected]


Officer & Chief
Appraiser

Cesar Devers Co-Founder, Chief 1 New York, NY +1 (212) 634-9397 [email protected]


Technology Officer
and Board Member

Harry O'Sullivan Vice President of New York, NY +1 (917) 865-0088 [email protected]


Finance

Current Board Members (6)

Name Title Representing Role Since Phone Email

Cesar Devers Co-Founder, Chief Bowery (Financial Co- Jan +1 [email protected]


Technology Officer Software) Founder, 2015 (212)
and Board Member Chief 634-
9397
Technology
Officer and
Board
Member

Jade Mandel Vice President Goldman Sachs Board Jun +1 [email protected]


Growth Equity Member 2021 (972)
676-
9229

James Kim Board Member Bowery (Financial Board +1 [email protected]


Software) Member (212)
634-
9397

John Meadows Co-Founder, Co-Chief Bowery (Financial Co- Jan +1 [email protected]


Executive Officer & Software) Founder, 2015 (510)
Board Member Co-Chief 305-
2455
Executive
Officer &
Board
Member

Noah Isaacs Co-Founder, Co-Chief Bowery (Financial Co- Jan +1 [email protected]


Executive Officer, Software) Founder, 2015 (510)
President & Board Co-Chief 220-
3797
Member Executive
Officer,
President &
Board
Member

4
Travis Putnam Co-Founder & Navitas Capital Board Feb [email protected]
Managing Partner Member 2018

Deal History (8)

# Deal Type Date Amount Raised to Pre-Val Post-Val Status Stage


Date

8. Secondary Transaction 01-Oct-2021 $59.85M Completed Generating


- Private Revenue

7. Later Stage VC (Series 28-Jun-2021 $35.00M $59.85M $116.00M $151.00M Completed Generating
B) Revenue

6. Debt - PPP 15-Apr-2020 $0.91M $24.85M Completed Generating


Revenue

5. Early Stage VC (Series 04-Oct-2019 $5.00M $24.85M $85.00M $90.00M Completed Generating
A1) Revenue

4. Early Stage VC (Series 20-Dec-2018 $13.10M $19.85M $46.00M $59.10M Completed Generating
A) Revenue

3. Seed Round 20-Feb-2018 $5.00M $6.75M $15.00M $20.00M Completed Generating


Revenue

2. Seed Round 22-May-2017 $1.75M $1.75M $4.00M $5.75M Completed Generating


Revenue

1. Accelerator/Incubator 01-Feb-2017 $0.04M Completed Generating


Revenue

† Indicates an Add-On
E Estimated

CAP TABLE HISTORY (as of 28-Jun-2021)

Stock # Of Shares Par Value Dividend Original Liquidation Liquidation Conversion %


Authorized Rate (%) Issue Price Pref. Multiple Price Owned

Series 7,792,049 $0.000010 6.00% $5.24 $5.24 1x $5.24 23.18%


B

Series 716,016 $0.000010 6.00% $5.24 $5.24 1x $5.24 2.48%


B-1

Series 1,851,080 $0.000010 6.00% $4.32 $4.32 1x $4.32 4.01%


A-1

Series 4,294,093 $0.000010 6.00% $3.05 $3.05 1x $3.05 14.89%


A

Seed 3,653,635 $0.000010 6.00% $1.37 $1.37 1x $1.37 12.67%


Prime

Seed 2 215,480 $0.000010 12.50% $0.58 $0.58 1x $0.58 0.75%

Seed 1 506,464 $0.000010 12.50% $0.23 $0.23 1x $0.23 1.76%

Seed 3,144,089 $0.000010 12.50% $0.56 $0.56 1x $0.56 10.90%

Series Terms for: A, A-1, B, B-1, Seed, Seed 1, Seed 2, Seed Prime (as of 28-Jun-2021)

5
Liquidation Preferences Pari Passu Cumulative/Non-cumulative Non-Cumulative
Participating vs. Non-participating Non-participating Anti-dilution Provisions Weighted Average
Dividend Rights Yes Redemption Rights No
Board Voting Rights Yes
General Voting Rights Yes

Deal #8: Secondary Transaction - Private, Completed; 01-Oct-2021

Deal Types Secondary Transaction - Financing Venture Capital- CEO/Lead Mgt Noah Isaacs
Private Status Backed Site New York, NY
Deal Completed Financing Venture Capital Business Generating
Status Source Status Revenue
Deal Date 01-Oct-2021 Raised to Date $59.85M **

Deal Synopsis
Greenspring Associates sold a stake in the company to an undisclosed buyer.

‡ Not necessarily a summation of individual debt figures


** Does not include grant funding
E Estimated

Sellers/Exiters (1)

# Seller/Exiter Name Partial/Full Comments

1. Greenspring Associates Full % Company Still 0.00%


Held:

E Estimated

Deal #7: Later Stage VC (Series B), $35.00M, Completed; 28-Jun-2021

VC Round 5 Round Financing Status Venture Capital- Total Invested $35.00M


Deal Types Later Stage VC, Series B Backed Capital

Deal Amount $35.00M Financing Source Venture Capital Pre-money $116.00M


Raised to Date Valuation
Deal Status Completed $59.85M **
Post Valuation $151.00M
Deal Date 28-Jun-2021 Total Invested $35.00M
Equity CEO/Lead Mgt Noah Isaacs
% Acquired 23.18%
Investor 70.65% Site New York, NY
Ownership Business Generating
Stock Split 1:1 Status Revenue

Deal Synopsis
The company raised $35 million of Series B venture funding in a deal led by Goldman Sachs Growth Equity on June 28, 2021, putting
the company's pre-money valuation at $116 million. Capital One Ventures, Camber Creek, Fika Ventures, Alpaca VC, Navitas Capital,
Builders VC, Nine Four Ventures and Greenspring Associates also participated in the round. The funds will be used by the company to
grow its product, design, and engineering teams and further bolster its robust appraisal technology platform as the company continues
to scale its appraisal practice nationally.

‡ Not necessarily a summation of individual debt figures


** Does not include grant funding
E Estimated

Cap Table History

SERIES B TERMS

6
Liquidation Preferences Pari Passu Cumulative/Non-cumulative Non-Cumulative
Participating vs. Non-participating Non-participating Anti-dilution Provisions Weighted Average
Dividend Rights Yes Redemption Rights No
Board Voting Rights Yes
General Voting Rights Yes

CAP TABLE HISTORY

Stock # Of Shares Par Value Dividend Original Liquidation Liquidation Conversion %


Authorized Rate (%) Issue Price Pref. Multiple Price Owned

Series 7,792,049 $0.000010 6.00% $5.24 $5.24 1x $5.24 23.18%


B

Series 716,016 $0.000010 6.00% $5.24 $5.24 1x $5.24 2.48%


B-1

Series 1,851,080 $0.000010 6.00% $4.32 $4.32 1x $4.32 4.01%


A-1

Series 4,294,093 $0.000010 6.00% $3.05 $3.05 1x $3.05 14.89%


A

Seed 3,653,635 $0.000010 6.00% $1.37 $1.37 1x $1.37 12.67%


Prime

Seed 2 215,480 $0.000010 12.50% $0.58 $0.58 1x $0.58 0.75%

Seed 1 506,464 $0.000010 12.50% $0.23 $0.23 1x $0.23 1.76%

Seed 3,144,089 $0.000010 12.50% $0.56 $0.56 1x $0.56 10.90%

Investors (8)

Investor Name Status Lead/Sole Comments

1. Alpaca VC Follow-On No Form of Payment: Cash


Investor
Fund 1: CPEG Ventures I

2. Builders VC Follow-On No Form of Payment: Cash


Investor
Fund 1: Builders VC Entrepreneurs
Fund I

3. Camber Creek Follow-On No Form of Payment: Cash


Investor
Fund 1: Camber Creek Fund VI

4. Capital One Ventures New Investor No Lead Partner: Aman Sharma


Form of Payment: Cash

5. Fika Ventures Follow-On No Form of Payment: Cash


Investor
Fund 1: Fika Ventures

6. Goldman Sachs Growth Equity New Investor Yes Lead Partner: Jade Mandel
Form of Payment: Cash

7
7. Navitas Capital Follow-On No Lead Partner: Travis Putnam
Investor
Form of Payment: Cash
Fund 1: Navitas Capital II

8. Nine Four Ventures Follow-On No Form of Payment: Cash


Investor
Fund 1: Nine Four Ventures Fund

E Estimated

Advisors (1)

# Advisor Name Service Type Hired By Comments

1. Fenwick & West Legal Advisor Bowery (Financial


Software)

Deal #6: Debt - PPP, $0.91M, Completed; 15-Apr-2020

Deal Types Debt - PPP Financing Venture Capital- Site New York, NY
Deal Amount $0.91M Status Backed Business Generating
Deal Status Completed Financing Debt Status Revenue
Source
Deal Date 15-Apr-2020
Raised to Date $24.85M **

Deal Synopsis
The company was approved for a Paycheck Protection Program Loan for $914,700 on April 15, 2020. The application cited 61 jobs to
be retained with the financing.

‡ Not necessarily a summation of individual debt figures


** Does not include grant funding
E Estimated

Deal #5: Early Stage VC (Series A1), $5.00M, Completed; 04-Oct-2019

VC Round 4 Round Financing Status Venture Capital- Total Invested $5.00M


Deal Types Early Stage VC, Series A1 Backed Capital

Deal Amount $5.00M Financing Source Venture Capital Pre-money $85.00M


Raised to Date Valuation
Deal Status Completed $24.85M **
Post Valuation $90.00M
Deal Date 04-Oct-2019 Total Invested $5.00M
Equity CEO/Lead Mgt Noah Isaacs
% Acquired 5.56%
Investor 62.29% Site New York, NY
Ownership Business Generating
Stock Split 1:1 Status Revenue

Deal Synopsis
The company raised $5 million of Series A1 venture funding from Greenspring Associates and other undisclosed investors on October
4, 2019, putting the company's pre-money valuation at $85 million.

‡ Not necessarily a summation of individual debt figures


** Does not include grant funding
E Estimated

8
Cap Table History

SERIES A-1 TERMS


Liquidation Preferences Pari Passu Cumulative/Non-cumulative Non-Cumulative
Participating vs. Non-participating Non-participating Anti-dilution Provisions Weighted Average
Dividend Rights Yes Redemption Rights No
Board Voting Rights Yes
General Voting Rights Yes

CAP TABLE HISTORY

Stock # Of Shares Par Value Dividend Original Liquidation Liquidation Conversion %


Authorized Rate (%) Issue Price Pref. Multiple Price Owned

Series 1,388,310 $0.000010 6.00% $4.32 $4.32 1x $4.32 5.56%


A-1

Series 4,294,093 $0.000010 6.00% $3.05 $3.05 1x $3.05 20.62%


A

Seed 3,653,635 $0.000010 6.00% $1.37 $1.37 1x $1.37 17.54%


Prime

Seed 2 215,480 $0.000010 12.50% $0.58 $0.58 1x $0.58 1.03%

Seed 1 506,464 $0.000010 12.50% $0.23 $0.23 1x $0.23 2.43%

Seed 3,144,089 $0.000010 12.50% $0.56 $0.56 1x $0.56 15.10%

Investors (1)

Investor Name Status Lead/Sole Comments

1. Greenspring Associates New Investor Yes Form of Payment: Cash


Fund 1: Greenspring Growth Equity
V

E Estimated

Advisors (1)

# Advisor Name Service Type Hired By Comments

1. Fenwick & West Legal Advisor Bowery (Financial


Software)

Deal #4: Early Stage VC (Series A), $13.10M, Completed; 20-Dec-2018

9
VC Round 3 Round Financing Status Venture Capital- Total Invested $13.10M
Deal Types Early Stage VC, Series Backed Capital
A Financing Source Venture Capital Pre-money $46.00M
Deal Amount $13.10M Raised to Date Valuation
$19.85M **
Deal Status Completed Post Valuation $59.10M
Total Invested $13.10M
Deal Date 20-Dec-2018 Equity CEO/Lead Mgt Noah Isaacs

Announced 20-Dec-2018 Investor 60.98% Site New York, NY


Date Ownership # of Employees 30
% Acquired 22.17% Stock Split 1:1 Business Generating
Status Revenue

Deal Synopsis
The company raised $13.1 million of Series A venture funding in a deal led by Builders VC on December 20, 2018, putting the
company's pre-money valuation at $46 million. Camber Creek, Fika Ventures, Alpaca VC, Navitas Capital and Nine Four Ventures also
participated in the round. The funds will be used to expand to new markets and property types.

‡ Not necessarily a summation of individual debt figures


** Does not include grant funding
E Estimated

Cap Table History

SERIES A TERMS
Liquidation Preferences Pari Passu Cumulative/Non-cumulative Non-Cumulative
Participating vs. Non-participating Non-participating Anti-dilution Provisions Weighted Average
Dividend Rights Yes Redemption Rights No
Board Voting Rights Yes
General Voting Rights Yes

CAP TABLE HISTORY

Stock # Of Shares Par Value Dividend Original Liquidation Liquidation Conversion %


Authorized Rate (%) Issue Price Pref. Multiple Price Owned

Series 4,294,093 $0.000010 6.00% $3.05 $3.05 1x $3.05 22.17%


A

Seed 3,653,635 $0.000010 6.00% $1.37 $1.37 1x $1.37 18.86%


Prime

Seed 2 215,480 $0.000010 12.50% $0.58 $0.58 1x $0.58 1.11%

Seed 1 506,464 $0.000010 12.50% $0.23 $0.23 1x $0.23 2.61%

Seed 3,144,089 $0.000010 12.50% $0.56 $0.56 1x $0.56 16.23%

Investors (6)

Investor Name Status Lead/Sole Comments

1. Alpaca VC Follow-On No Form of Payment: Cash


Investor
Fund 1: CPEG Ventures I

2. Builders VC New Investor Yes Lead Partner: James Kim


Form of Payment: Cash
Fund 1: Builders VC Entrepreneurs
Fund I

10
3. Camber Creek Follow-On No Lead Partner: Jeffrey Berman
Investor
Form of Payment: Cash
Fund 1: Camber Creek Fund VI

4. Fika Ventures Follow-On No Form of Payment: Cash


Investor
Fund 1: Fika Ventures

5. Navitas Capital Follow-On No Lead Partner: Travis Putnam


Investor
Form of Payment: Cash
Fund 1: Navitas Capital II

6. Nine Four Ventures New Investor No Form of Payment: Cash

E Estimated

Advisors (2)

# Advisor Name Service Type Hired By Comments

1. Fenwick & West Legal Advisor Bowery (Financial


Software)

2. Mintz (Legal services B2B) Legal Advisor Builders VC

Investors (14)

Active Investors (13)

Name Investor Type Holding Investor Board Related Deals


Since

Capital One Ventures Corporate Venture Minority Jun 2021 #7. Later Stage VC (Series B): New
Capital Investor, Jun 2021, Aman Sharma, $35.00M

Goldman Sachs Growth Growth/Expansion Minority Jun 2021 #7. Later Stage VC (Series B): New
Equity Investor, Jun 2021, Jade Mandel, $35.00M

Builders VC Venture Capital Minority Dec 2018 #4. Early Stage VC (Series A): New
Investor, Dec 2018, James Kim, $13.10M
#7. Later Stage VC (Series B): Follow-on,
Jun 2021, $35.00M

Nine Four Ventures Venture Capital Minority Dec 2018 #4. Early Stage VC (Series A): New
Investor, Dec 2018, $13.10M
#7. Later Stage VC (Series B): Follow-on,
Jun 2021, $35.00M

Cushman & Wakefield Corporation Minority Feb 2018 #3. Seed Round: New Investor, Feb 2018,
$5.00M

11
MetaProp NYC Venture Capital Minority Feb 2018 #3. Seed Round: New Investor, Feb 2018,
Zak Schwarzman, $5.00M

Navitas Capital Venture Capital Minority Feb 2018 #3. Seed Round: New Investor, Feb 2018,
Travis Putnam, $5.00M
#4. Early Stage VC (Series A): Follow-on,
Dec 2018, Travis Putnam, $13.10M
#7. Later Stage VC (Series B): Follow-on,
Jun 2021, Travis Putnam, $35.00M

Alpaca VC Venture Capital Minority May 2017 #2. Seed Round: New Investor, May 2017,
$1.75M
#4. Early Stage VC (Series A): Follow-on,
Dec 2018, $13.10M
#7. Later Stage VC (Series B): Follow-on,
Jun 2021, $35.00M

Camber Creek Venture Capital Minority May 2017 #2. Seed Round: New Investor, May 2017,
Jacob Fingert, $1.75M
#4. Early Stage VC (Series A): Follow-on,
Dec 2018, Jeffrey Berman, $13.10M
#7. Later Stage VC (Series B): Follow-on,
Jun 2021, $35.00M

Expansion Venture Venture Capital Minority May 2017 #2. Seed Round: New Investor, May 2017,
Capital $1.75M

Fika Ventures Venture Capital Minority May 2017 #2. Seed Round: New Investor, May 2017,
$1.75M
#4. Early Stage VC (Series A): Follow-on,
Dec 2018, $13.10M
#7. Later Stage VC (Series B): Follow-on,
Jun 2021, $35.00M

LeFrak Real Estate Minority May 2017 #2. Seed Round: New Investor, May 2017,
$1.75M
#3. Seed Round: Follow-on, Feb 2018,
$5.00M

Parallel18 Venture Capital Minority Feb 2017 #1. Accelerator/Incubator: New Investor,
Feb 2017, $0.04M

Former Investors (1)

Name Investor Type Holding Investor Board Related Deals


Since

Greenspring Associates Venture Capital Minority Oct 2019 #5. Early Stage VC (Series A1): New
Investor, Oct 2019, $5.00M
#8. Secondary Transaction - Private: Seller,
Oct 2021

Service Providers

12
Service on a Deal (7)

Service Provider Name Service Provided Service To Deal Date Deal # Comments

Fenwick & West Legal Advisor Bowery (Financial 28-Jun-2021 7


Software)

Fenwick & West Legal Advisor Bowery (Financial 04-Oct-2019 5


Software)

Fenwick & West Legal Advisor Bowery (Financial 20-Dec-2018 4


Software)

Mintz (Legal services Legal Advisor Builders VC 20-Dec-2018 4


B2B)

Cooley Legal Advisor Navitas Capital 20-Feb-2018 3

Fox Rothschild Legal Advisor Alpaca VC 22-May-2017 2

Morrison & Foerster Legal Advisor Camber Creek 22-May-2017 2

Lead Partners on Deals (10)

Investors (9)
Name All Title Representing Deals Phone Email
Deals

Aman Sharma 17 Partner & Managing Capital One Ventures #7. Later Stage VC [email protected]
Director (Series B): Jun 2021,
$35.00M, Completed

Jade Mandel 7 Vice President Goldman Sachs #7. Later Stage VC +1 (972) 676- [email protected]
Growth Equity (Series B): Jun 2021, 9229
$35.00M, Completed

Travis Putnam 16 Co-Founder & Navitas Capital #7. Later Stage VC [email protected]
Managing Partner (Series B): Jun 2021,
$35.00M, Completed

James Kim 31 Co-Founding Builders VC #4. Early Stage VC [email protected]


Member & General (Series A): Dec 2018,
Partner $13.10M, Completed

Jeffrey Berman 11 General Partner Camber Creek #4. Early Stage VC +1 (240) 621- [email protected]
(Series A): Dec 2018, 3177
$13.10M, Completed

Travis Putnam 16 Co-Founder & Navitas Capital #4. Early Stage VC [email protected]
Managing Partner (Series A): Dec 2018,
$13.10M, Completed

Travis Putnam 16 Co-Founder & Navitas Capital #3. Seed Round: Feb [email protected]
Managing Partner 2018, $5.00M,
Completed

Zak Schwarzman 47 General Partner MetaProp NYC #3. Seed Round: Feb +1 (203) 253- [email protected]
2018, $5.00M, 0466
Completed

Jacob Fingert 10 Managing Partner Camber Creek #2. Seed Round: May +1 (240) 621- [email protected]
2017, $1.75M, 3177
Completed

13
Service Providers - Buy Side (1)
Name All Deals Title Representing Deals Phone Email

Gregory Giammittorio JD 8 Partner Morrison & Foerster #2. Seed Round: May
2017, $1.75M,
Completed

Signals Summary

This company has a weekly growth rate of -0.47%, placing it in the 5th %ile of all growth rates tracked within PitchBook. Its underlying
data points generate a size multiple that is 5.70x times larger than the median of all size multiples tracked within PitchBook, placing it in
the 85th %ile of all size multiples tracked within PitchBook.

Growth Rate Summary (Weekly) Size Multiple Summary (x Median)


Twitter Followers Social Twitter Followers Social
342 0.22% 342 1.21x

Similar Web Unique Visitors Similar Web Unique Visitors


1,882 1,882
Web -0.47% Web 5.70x
Growth Rate Size Multiple
-0.42% 5th %ile
7.29x 85th %ile
Majestic Referring Domains Majestic Referring Domains
115 115

Employee Count Employee Employee Count Employee


216 -1.20% 216 8.60x

Signals History

Growth Rate History Size Multiple History

14
Social Media Signals

Twitter Followers 342

Metric Bowery All Companies


(Financial Average
Software)

Twitter Followers 342 12,945


Growth Rate 0.22% 0.06%
Growth Rate 94th 42nd
Percentile
Size Multiple 1.21x 46.4x
Size Multiple 54th 50th
Percentile

Web Signals

15
Unique Website Visitors 1,882 Referring Domains 115
trailing 7 day average as of 31-Dec-2022

Metric Bowery All Companies Metric Bowery All Companies


(Financial Average (Financial Average
Software) Software)

SimilarWeb Unique 1,882 16,815 Majestic Referring 115 160


Visitors Domains
Growth Rate -1.40% -0.08% Growth Rate 0.56% 0.10%
Growth Rate 14th 30th Growth Rate 94th 13th
Percentile Percentile
Size Multiple 6.37x 58.3x Size Multiple 8.21x 11.5x
Size Multiple 80th 44th Size Multiple 88th 49th
Percentile Percentile

Ranking And Distribution

Weekly Growth -0.47%, 5th %ile

Percentile Min Rate Max Rate Avg. Rate

0-10 -27.6% -0.02% -1.00%


10-20 -0.01% 0.00% 0.00%
20-30 - - -
30-40 - - -
40-50 - - -
50-60 - - -
60-70 - - -
70-80 - - -
80-90 0.01% 0.16% 0.07%
90-100 0.17% 1.07K% 1.51%

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Size Multiple 5.70x, 85th %ile

Percentile Min Size Max Size Avg. Size

0-10 0.00x 0.11x 0.06x


10-20 0.12x 0.21x 0.17x
20-30 0.22x 0.43x 0.35x
30-40 0.44x 0.64x 0.56x
40-50 0.65x 0.93x 0.80x
50-60 0.94x 1.42x 1.16x
60-70 1.43x 2.21x 1.77x
70-80 2.22x 3.93x 2.97x
80-90 3.94x 9.71x 6.10x
90-100 9.72x 720Kx 159x

Employee Signals

Employee Count 216

Company Employee Count Growth Rate Growth Size Multiple Size Percentile
Percentile

Bowery (Financial Software) 216 -1.20% 5th 8.60x 88th


All Companies Average 1,209 0.27% 36th 29.9x 50th

Company signals data was calculated against 2006573 companies within all companies.

Company Signals Population: Company Signals data is tracked for active companies (i.e. have not gone out of business) that haven’t
been exited from VC, PE, or Incubator/Accelerator. Social media presence is tracked only for companies that have a Facebook/Twitter
account; web presence is tracked only for companies whose websites are tracked by SimilarWeb and Majestic.

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News

7 Easiest Actual Property Corporations Close to Me


With the continuing growth within the housing trade throughout the United States, you might be almost certainly questioning—how can I
to find the most efficient actual property firms close to me? Desk of Contents The Maximum Necessary Actual Prope...

News Conquest | 12-May-2022


Tagged entities: Bowery (Financial Software)

Tech & CRE: An Idea Whose Time Has Come


Once a fragmented space, some initiatives are underway to address the need for standards across product types within the world of
proptech.

Wealth Management | 31-Aug-2021


Tagged entities: Bowery (Financial Software), Catylist, Lev, TapCap

Age of Enlightenment? Tech & CRE: An Idea Whose Time has Come
Once a fragmented space, some initiatives are underway to address the need for standards across product types within the world of
proptech.

Wealth Management | 31-Aug-2021


Tagged entities: Bowery (Financial Software)

Real estate tech firm Bowery Valuation to open local office after VC raise
The New York-based company will open a Miami and Central Florida office over the next year.

BizJournals | 14-Jul-2021
Tagged entities: Bowery (Financial Software), Leasecake

Real estate tech firm Bowery Valuation sets sights on South Florida after Series B raise
Bowery Valuation, a cloud-based appraisal platform for commercial real estate, will open multiple Florida offices over the next year after
raising $35 million in a Series B financing round. The New York-based company aims to launch at least one Mi...

BizJournals | 13-Jul-2021
Tagged entities: Bowery (Financial Software)

Bowery Valuation Raises $35M for its Tech-Enabled Commercial Real Estate Appraisal Firm
Bowery Valuation Raises $35M for its Tech-Enabled Commercial Real Estate Appraisal Firm

AlleyWatch | 09-Jul-2021
Tagged entities: Bowery (Financial Software)

Bowery Valutation Raises $35M in Series B Funding


Bowery Valutation, a New York-based technology-enabled commercial real estate appraisal company, raised $35M in Series B funding

FinSMEs | 28-Jun-2021
Tagged entities: Bowery (Financial Software)

Bowery Valuation Raises $35 Million for Its Real Estate Appraisal Software
Bowery Valuation, a real estate technology startup, announced it raised $35 million to support increasing appraisal demand across the
US.

Startup Savant | 28-Jun-2021


Tagged entities: Bowery (Financial Software)

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Bowery Valuation Announces $35 Million Series B Funding, Fueling Rapid National Expansion
Bowery Valuation, the leading technology-enabled commercial real estate appraisal firm, announces $35 million in Series B funding.

BusinessWire | 28-Jun-2021
Tagged entities: Bowery (Financial Software), Business Wire, Wire (Communication Software)

Smart Agriculture Startup Bowery Farming Hires A Google Veteran As CTO


iGrow News, Indoor Vertical Urban Farming using Hydroponics, Aeroponics, and Aquaponics. Shipping Container Farms, Greenhouse
Farms. Residential Growing Appliances, Led Lighting, Robotics, Automation, Sensors. Pre-Owned Container Farms, Rooftop Farms

iGrow News | 14-Feb-2021


Tagged entities: Bowery (Financial Software), Bowery

A top proptech VC is bringing on an industry vet who once ran Bill Gates' real-estate investments to
help navigate the downturn. Here's how she thinks the coronavirus crisis will play out.
Real-estate tech venture fund MetaProp has hired Maureen Waters, formerly president of Ten-X and a senior exec at Cushman &
Wakefield, as a partner.

Business Insider | 22-Apr-2020


Tagged entities: Bowery (Financial Software), Madison Financial Group, MetaProp NYC

Corigin Ventures raises $36M debut fund and looks beyond real estate
Corigin Ventures raises $36M debut fund and looks beyond real estate

Press Release | 14-Apr-2020


Tagged entities: Bowery (Financial Software), Alpaca VC, Aubrie Pagano, Compass

Orchard Grabs $36M


NEW YORK, NY, Orchard announced today that it has raised $36 million in new equity funding,

VC News Daily | 07-Jan-2020


Tagged entities: Bowery (Financial Software), Accomplice VC, Aquicore, FirstMark Capital, HqO, Juxtapose, Katerra,
Matterport, Navitas Capital, OpenSpace, Orchard, PeerStreet, PlanGrid, Procore, Truss (Media and Information Services
(B2B)), View (Building Products)

Bowery Valuation Announces Rapid Growth


NEW YORK (PRWEB) October 24, 2019 Bowery Valuation, the first tech-enabled commercial appraisal firm, today announces an
$8mm strategic round of additional funding, adding new partners Nine Four

PR Web | 23-Oct-2019
Tagged entities: Bowery (Financial Software)

Nicole Urquhart-Bradley Joins Bowery Valuation


NEW YORK (PRWEB) September 18, 2019 Bowery Valuation, the first tech-enabled commercial appraisal firm, announces today that
industry veteran, Nicole Urquhart-Bradley, MAI, is joining the firm as

PR Web | 17-Sep-2019
Tagged entities: Bowery (Financial Software)

Bowery Valuation, the Real Estate Appraisal Startup, Secures $12 Million in Series A Funding
Bowery Valuation, the tech-enabled commercial real estate appraisal firm raises $12mm Series A round of funding led by Builders VC.

BusinessWire | 09-Jan-2019
Tagged entities: Bowery (Financial Software), Alpaca VC, Builders VC, Camber Creek, Fika Ventures, Navitas

Bowery Raises $1.75M in Seed Funding

19
Bowery, a NYC-based tech-enabled commercial appraisal company, closed a $1.75m seed funding. Backers included Camber Creek,
Fika Ventures, Corigin Ventures, LeFrak, and Expansion Venture Capital. The company intends to use the funds tocontinue to ...

FinSMEs | 23-May-2017
Tagged entities: Bowery (Financial Software)

Filings (5)

Type Filed Date Title

D 06-Jul-2021 Notice of Exempt Offering of Securities

D 07-Oct-2019 Notice of Exempt Offering of Securities

D 07-Jan-2019 Notice of Exempt Offering of Securities

D 20-Feb-2018 Notice of Exempt Offering of Securities

D 22-May-2017 Notice of Exempt Offering of Securities

Copyright © 2023 PitchBook Data, Inc. All rights reserved.


Provided under contract for the exclusive use of subscriber Miguel Vizarreta, Mizuho Securities - North America Banking.

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