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VTS raises $55M for its commercial real estate management platform

VTS, a commercial leasing and asset management platform for landlords and brokerages, today announced that it has raised a $55 million Series C funding round led by Insight Venture Partners. Previous investors OpenView and Trinity Ventures also participated. This round brings VTS’ total funding to date to $84 million and makes it one of the most well-funded technology companies in its vertical.

VTS’s services are currently being used to manage about 2.7 billion square feet of real estate and the company says it has about 80 percent of the top 10 global investment managers on its platform. VTS founder and CEO (and former pro surfer) Nick Romito told me that his company is now growing 100 percent year-over-year.

Using VTS, landlords can track leasing trends across their buildings, track negotiations, and monitor their marketing performance, among other things. Similarly, brokers can use the company’s tools to manage their own leasing pipelines, while tenant reps can manage their workflow on the platform, too.

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