For years commercial real estate brokers have relied on spreadsheets, PDFs, emails and text messages to find and list properties for numerous clients of all sizes. Austin-based AnthemIQ, however, aims to shake up the industry.
AnthemIQ, which announced a $10 million Series A round on Monday, offers an end-to-end commercial real estate platform for tenants, tenant representatives, listing agents and landlords to manage transactions from the initial search to a signed lease.
“It’s sort of like the first time you use Uber,” Kenny Tomlin, AnthemIQ co-founder and executive chairman, told Built In about the company's platform. “It’s just so much better and convenient. And you’re like, ‘Man, this is the way it should always have worked.’ That’s the experience our customers have when they use AnthemIQ. It’s so much better than the traditional method of sending emails and PDFs and jumping on multiple phone calls and then the data is out of date.”
Funds from the Series A round will be used to expand AnthemIQ’s platform offerings, including enhancing the experience for tenant representatives and making the platform available for enterprise companies who want all of their brokers using AnthemIQ. Tomlin said they also want to make tools for leasing agents more robust.
“We had a lot of this on our product roadmap but this [funding] allows us to significantly decrease the timeline that it would have taken to deliver those features,” Tomlin said.
In addition to product expansion, the recent funds will be used to double the company’s employee base. To date, AnthemIQ has more than 40 employees and plans to hire an additional 40 or 50 people later this year. Hiring will take place in Austin and Bentonville, Arkansas, with some remote roles available. AnthemIQ is currently hiring eight people, including a product manager, sales executive, visual designer and software engineer.
The Series A round was led by Staubach Capital. Other anonymous tech entrepreneurs and commercial real estate professionals invested in this round, several of whom have used AnthemIQ’s platform, according to a statement.
AnthemIQ’s platform launched in February 2021 and currently has more than 1,000 users across the United States and in Canada. The company was co-founded by Tomlin and Chris Skyles, who serves as the company’s chief growth officer.
