Having written about the novel lead generation service Digsy over a year ago, it’s great to see that they’re growing. Here’s the latest on what’s going on. And if you’re attending CRE Tech/Intersect in Los Angeles today, stop by and say hi to Andrew.
Digsy, the one-year-old Southern California commercial real estate technology startup that makes it easier for startups and mid-sized businesses to find office, warehouse and retail space, has launched in Silicon Valley. Digsy is changing the game in the commercial real estate industry with a business model that’s winning fanfare from brokerages like CBRE, JLL and Cushman & Wakefield, as well as businesses demanding a premium search service experience—free of charge. The year-old startup has already helped over 100 businesses successfully lease commercial space and is currently working with over 350 businesses looking to rent approximately $220 million in commercial real estate leases. Digsy’s roster of clients include companies like ZenDrive, Vulcun, Tidy and recent LinkedIn acquisition, Connectifier.
In its simplest form, Digsy is a butler service like Alfred or Magic—but finds commercial space for a business without its personnel having to search for it themselves. Digsy partners with vetted local commercial real estate agents who serve as free “search butlers” and uses machine learning in addition to proprietary software technology to pair businesses with the right search butler to quickly find them space. Digsy is funded by Gil Amelio (former CEO of Apple), Gordon Stephenson (board member with Zillow) and Sean Ellis (GrowthHackers.com and DropBox), K5 Ventures, Tech Coast Angels, early LoopNet executives and other angels.
“Searching for commercial real estate is a dreadful experience. Listings are out of date, no one calls you back, and you waste a lot of precious time trying to find space when you should be spending it growing your business,” said Andrew Bermudez, Digsy CEO and co-founder. “We built Digsy to take the work out of engaging an awesome pro who can get the job done quickly and find businesses space on-demand—free of charge. Silicon Valley & San Francisco are some of the most competitive commercial real estate markets in the world and many spaces that lease never get listed. That’s why having a great, and well-connected professional to help you find space is so important. We’ve brought Digsy to Silicon Valley to make it easier for companies to find all space opportunities, on or off the market, and secure an awesome space without having to search for it themselves—with the help of a trusted local commercial real estate search professional. We are the premium concierge service of the commercial real estate industry.”