Create, an immersive 3D website for real-estate nerds, has finished raising a $2.2 million seed round.
The platform, which pulls in data on D.C.’s buildings from public agencies and commercial sources, launched in January after three years of development.
Create went on to raise $1.1 million, the first part of its seed round, in February. The second $1.1 million installation, which brings the total to $2.2 million, was led by 20 “senior executives from across real estate, hedge funds, and banking,” according to a company press release.
Several of them were return investors, cofounder and COO Edward Switzer told Technical.ly DC.
With the funding, the company will focus on designing additional premium products, including new data sets, search functionalities and GeoEnrichment of the data, and pursue its expansion into new markets.
Switzer said in January that the company planned to reach 10 cities by the end of 2015, including Detroit, New York, San Francisco, Los Angeles, Chicago and Dallas.
DC’s real-life SimCity startup raises $2.2 million
Create.io puts real-estate data onto an explorable map. The platform launched in January after three years of development.
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I am surprised that Baltimore allows this kind of delinquency. In my city, if you don’t pay your water bill after two cycles, the water is cut off. Period. There are agencies that help pay some utility bills, but often the bills are too high for them to cover. So these families simply live with little water, either buying it by the gallon at the store, or having friends and relatives bring some by. One man I visited had over $600 in water bills, as he was out of town and the house was vandalized. He came back, and hasn’t had water in two years. He buys it at the store, and takes sponge baths. In my city, the same is true for the electric. Doesn’t matter if your oxygen relies on electric or not. Off it goes, if the bill is not paid. Patients end up in the emergency room or at a relative’s home if this happens. So, I don’t know why the outrage at this. Many cities probably are already doing it, like mine.