Pitch: Market research for commercial real estate.What is REscour?REscour aggregates and visually organizes commercial real estate data to help real estate professionals analyze markets and properties.
Founders:Jake Edens, CEO (right)Chris Lexmond, CTO (left)Team: 13Funding: $2,800,000Notable investors include Tech Square Labs, Social+Capital Partnership, Mosley Ventures, Spider Capital Partners, Chip Perry, Tom Cousins, and The LAUNCH Fund.How did you come up with REscour?Jake: REscour was built out of the frustration with the current state of collecting, analyzing, and sharing information in the commercial real estate industry. Dozens of interviews were performed with professionals who were all tired of listings flooding their inboxes, reading thousands of unrelated news articles, digging through dated public websites, downloading unreliable reports from legacy data providers, and spending way too much time manually building Excel spreadsheets to keep track of and analyze the market.What market are you competing in?We are competing in the commercial real estate services market. Commercial real estate is a $15 trillion industry with over $800 billion in annual transactions and has millions of professionals that are all potential REscour customers. At our current pricing model, our total addressable market is $3.4 billion in annual revenue.How was your LAUNCH Incubator experience?It was great to connect with other companies at similar stages and share our experiences. The quality of the weekly speakers and the advice and feedback they provided was excellent. Particularly, with the size of the incubator (six companies), we felt like we were getting great one-on-one attention.
Published on July 14, 2015 for the LAUNCH Incubator Class II demo day, Bastille Day.