NEW YORK CapitalThinking Inc., a technology vendor to the commercial mortgage industry, announced last week that it has amassed $9 million of venture capital financing.
This was the third round of financing for the 19-month-old company, which has raised more than $30 million since its inception. The company shifted its business strategy to business-to-business technology licensing last year after first trying to create a commercial mortgage marketplace.
Investors in the latest round include Bessemer Venture Partners, RRE Ventures, Aberdare Ventures, iStar Financial, ABP Investments U.S., and the New York City Investment Fund.
CapitalThinking was founded by chief executive Heather Shively and chairman Charles Ferguson, who sold his former software company, Vermeer Technologies, to Microsoft Corp. in 1996. This injection of capital will further cement CapitalThinking as the definitive solutions provider for the commercial real estate industry, Ms. Shively said in a press release.