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INTERNET | Internet Software & Services / Real Estate
tenantbase.com

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Founded Year

2014

Stage

Loan | Alive

Total Raised

$19.62M

Last Raised

$680K | 1 yr ago

About TenantBase

TenantBase is focused on delivering a more efficient and consistent solution to businesses of all sizes looking for office space. With a TenantBase account, a tenant is able to instantly match their needs to the best office spaces available, and access additional tools and information on their own time. By automating key aspects of the office search and lease processes, TenantBase is able to dedicate the time of its commercial real estate professionals to supporting users and delivering quality service, regardless of the office space needs of the tenant.

TenantBase Headquarter Location

225 Arizona Avenue Suite 350

Santa Monica, California, 90401,

United States

949-432-3112

Latest TenantBase News

TenantBase hires former Cresa CEO Jim Underhill to expand its online platform connecting tenants and landlords

May 6, 2021

Former Cresa CEO Jim Underhill is joining commercial real estate startup TenantBase as executive chairman, Insider can exclusively reveal. TenantBase operates a marketplace for office, retail, and industrial space that spans 35 geographies from San Francisco to Birmingham, Alabama. Potential tenants can browse open listings on the website and then connect directly with landlords and their brokers to sign leases. TenantBase has raised at least $10.7 million in funding from real estate investment management firm Stonecutter Capital Management. The news comes three months after Underhill announced he was stepping down from Cresa, the largest commercial real estate firm that represents tenants only. He spent five years at the helm of the Washington, DC-based company. In his new role, Underhill told Insider, he will bring his tenant-representation experience to the booming property-technology sphere . "When I first started talking to TenantBase four years ago, I could tell that it was overdue for technology to be infused into this part of the business," said Underhill, who previously served as Americas CEO at commercial brokerage giant Cushman & Wakefield and a regional founder of The Staubach Company, another tenant-focused real-estate firm. As executive chairman, Underhill will be assisting with strategy, finding capital, assisting with recruitment and acquisitions, and building out the company's internal structure and organization as it rapidly expands. Founded in 2014, TenantBase started out as a technology-enabled brokerage, but it has morphed into a platform that partners with local commercial brokers instead of trying to compete with them. TenantBase CEO and cofounder Bennett Washabaugh told Insider that the early years operating as a brokerage allowed the company to create the tools and gain the knowledge necessary to build the current business. Bennett Washabaugh is TenantBase's CEO and cofounder. TenantBase Partnering with brokers also has allowed the company to grow rapidly during the pandemic. The expansion came easily: TenantBase only needs to ramp up its technology to launch in new areas, with no need for the time-consuming process of hiring large on-the-ground teams. Underhill said the company actually recorded increased revenue during the pandemic, a rarity in the commercial real estate industry, which on the whole suffered due to shuttered retail shops and partially full offices. Newsletter

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Research containing TenantBase

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CB Insights Intelligence Analysts have mentioned TenantBase in 1 CB Insights research brief, most recently on Apr 14, 2021.

Expert Collections containing TenantBase

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

TenantBase is included in 1 Expert Collection, including Real Estate Tech.

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Real Estate Tech

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Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, sm

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