CompStak is a leading commercial real estate (CRE) data and analytics platform that leverages crowdsourced data to provide comprehensive and reliable information on lease and sale transactions, loan data, and property details. Founded in 2011, CompStak aims to bring transparency and accuracy to the CRE industry, enabling faster and better-informed decision-making for its users.
CompStak was founded by Michael Mandel and Vadim Belobrovka. Michael Mandel, a former NYC commercial broker, identified inefficiencies in data sharing within the CRE industry and co-founded CompStak to address these issues. Since its launch in 2012, CompStak has grown significantly, expanding its team to over 100 members and opening offices in New York, Los Angeles, Chicago, and Atlanta.
CompStak has raised a total of $78.93 million over multiple funding rounds. The most recent Series C round in November 2021 raised $50 million, led by Morgan Stanley Expansion Capital, with participation from Mitsui Fudosan's CVC Fund, Crow Holdings, and existing investors like Canaan Partners and IA Capital. This funding has been instrumental in expanding CompStak's data sets, products, and market reach.
CompStak offers a unified platform, CompStak One, which includes:
CompStak has focused on expanding its product offerings and market reach through strategic partnerships and continuous product development. For instance, CompStak has formed partnerships with Century 21 Commercial and the National Association of Realtors to integrate its data into widely-used industry tools. The platform's expansion into new asset classes and the enhancement of its Analytics Suite are also notable steps in its growth.
Recent enhancements to CompStak's platform include the launch of CompStak One, which consolidates lease, sale, loan, and property data into a single, powerful tool. This unified platform provides users with a holistic view of CRE data, enabling better decision-making and strategic planning.
CompStak prides itself on fostering a positive company culture, which has earned it a spot on Crain’s Best Places to Work list for the past five years. The company values transparency, innovation, and collaboration, which are reflected in its mission to create a more transparent and efficient CRE industry.
CompStak serves a diverse clientele, including leading banks, private equity funds, REITs, landlords, and advisors. The platform's user base comprises over 35,000 brokers, appraisers, and researchers who contribute to and benefit from its crowdsourced data model. Notable clients include Tishman Speyer, Vornado, Alliance Bernstein, and Wells Fargo.
